Equidon Inc

Analysis

Equidon Inc is a registered charity in United States, based in Laurel Blmry, TN. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Equidon Inc reported income of $124k and spending of $140k, spending 113% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $232k to $124k (-46%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Equidon Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Comet Skippers Inc ($124k), Covered Bridge Riverjaxx Baseball ($124k) and McKinleyville Recreation Midget League Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $206k against liabilities of $0, net assets of $206k.