Equuvation Inc

Analysis

Equuvation Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Equuvation Inc reported income of $331k and spending of $307k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $331k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Equuvation Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Bulldogs Battling Breast Cancer Inc ($331k), U-Turn for Christ New Mexico Incorporated ($331k) and Ispe Foundation Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Other salaries and wages came to $81k. At year end it held assets of $42k against liabilities of $0, net assets of $42k. It reported 8 employees.