Family Equality

Analysis

Family Equality is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Family Equality reported income of $3.4m and spending of $3.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.4m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Equality sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Intermountain Christian School ($3.4m), LSG and Associates Inc ($3.4m) and Grow Your Own Illinois ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $312k (8.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.2m against liabilities of $111k, net assets of $1.1m. It reported 31 employees.