Equipping Network

Analysis

Equipping Network is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in October 2015, 11 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, Equipping Network reported income of $279k and spending of $293k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $203k to $279k (+37%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Equipping Network sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Recovery Point Palatka Inc ($279k), Kettle Falls Senior Citizens Center Inc ($279k) and Mosaic Center ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (21% of expenses). Other salaries and wages came to $6,000. At year end it held assets of $116k against liabilities of $0, net assets of $116k.