Aequitas

Analysis

Aequitas is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Aequitas reported income of $2.8m and spending of $3.5m, spending 122% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $2.8m (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aequitas sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include Imagine Leadership Academy ($2.8m), Arkansas Center for Data Sciences ($2.8m) and School of Acrobatics & New Circus Arts ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $399k (12% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.1m against liabilities of $316k, net assets of $1.8m. It reported 21 employees.