Equip India Inc

Analysis

Equip India Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Equip India Inc reported income of $142k and spending of $167k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $142k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Equip India Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Franciscan Sisters of the Immaculate Conception ($142k), Son Ministries ($142k) and American Friends of Emunah Zchesed ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $60k (36% of expenses). It paid $1,750 in professional fundraising fees. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 1 employees.