Equity Works Inc

Analysis

Equity Works Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equity Works Inc reported income of $646k and spending of $396k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $867k to $646k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Equity Works Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Plainfield Eid Corp ($646k), Bayfront Eastside Task Force ($647k) and Transitional Training Services NFP ($645k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.1m against liabilities of $48k, net assets of $9.1m.