Equallyable Foundation

Analysis

Equallyable Foundation is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equallyable Foundation reported income of $417k and spending of $286k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $313k to $417k (+33%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Equallyable Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Random Acts of Flowers Tampa Bay ($417k), Burst Into Books ($417k) and 1 Hope Foundation Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $5,000, net assets of $2.1m.