Institute for Racial Equity and Excellence

Analysis

Institute for Racial Equity and Excellence is a registered charity in United States, based in Lone Tree, CO. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Institute for Racial Equity and Excellence reported income of $2.4m and spending of $2.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Institute for Racial Equity and Excellence sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Center for New Beginnings Inc ($2.4m), Caritas of Port Chester Inc ($2.4m) and Family YMCA of Lancaster & Fairfield County ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $713k (30% of expenses). Other salaries and wages came to $917k. At year end it held assets of $567k against liabilities of $146k, net assets of $420k. It reported 25 employees.