Equal Heart

Analysis

Equal Heart is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 August 2023, Equal Heart reported income of $7.9m and spending of $7.9m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.7m to $7.9m (+70%), an average of +14% a year. The sharpest change came in the year to August 2020, when income rose by 108%. 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, Equal Heart sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Nova Center Inc ($7.9m), Duvall Homes Inc ($8.0m) and Vadis ($7.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (1.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.6m against liabilities of $423k, net assets of $4.2m. It reported 398 employees.