Equest

Analysis

Equest is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 1982, 44 years ago. 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, Equest reported income of $2.6m and spending of $2.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Equest sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Frank Olean Center Inc ($2.6m), Southern Conservation Trust Inc ($2.6m) and Sunshine School Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $139k (5.1% of expenses). Other salaries and wages came to $1.2m. It paid $4,203 in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $492k, net assets of $4.5m. It reported 40 employees.