Equity Community Development

Analysis

Equity Community Development is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Equity Community Development reported income of $449k and spending of $430k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $449k (+4.3%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Equity Community Development 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 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Longmont Housing Development Corporation ($448k), Marin Homes for Independent Living ($449k) and Fayette County Citizens for Progress Inc ($448k).

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 $74k (17% of expenses). Other salaries and wages came to $110k. At year end it held assets of $21k against liabilities of $16k, net assets of $4,044. It reported 8 employees.