Equitable

Analysis

Equitable is a registered charity in United States, based in Ada, MI. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equitable reported income of $177k and spending of $128k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $214k to $177k (-17%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Equitable 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 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Networkpeninsula ($177k), William B Dickinson Educational TR ($177k) and Ghana Friendship Project ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $8,703. At year end it held assets of $115k against liabilities of $0, net assets of $115k. It reported 3 employees.