Equipped by Faith Inc

Analysis

Equipped by Faith Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Equipped by Faith Inc reported income of $204k and spending of $488k, spending 239% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income fell from $369k to $204k (-45%), an average of -45% a year. The sharpest change came in the year to December 2021, when income dropped by 45%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Equipped by Faith Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Movement Christian Church ($204k), Wooster Outdoor Center Inc ($204k) and True Disciples ($204k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $5,280. At year end it held assets of $36k against liabilities of $0, net assets of $36k.