Equipment Leasing and Finance Foundation

Analysis

Equipment Leasing and Finance Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1990, 36 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 (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, Equipment Leasing and Finance Foundation reported income of $844k and spending of $923k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $819k to $844k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Equipment Leasing and Finance Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 52nd percentile within DC. Charities of a similar size with the same main cause include High Country Charitable Foundation Inc ($844k), Provincetown Theatre Foundation Inc ($844k) and San Marino Motor Classic ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $194k (21% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.2m against liabilities of $306k, net assets of $921k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.