Equity Now

Analysis

Equity Now is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Equity Now reported income of $13.1m and spending of $10.9m, spending 83% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $231k to $13.1m (+5585%), an average of +284% a year. The sharpest change came in the year to June 2022, when income rose by 2784%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equity Now sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Vistamar School ($13.1m), Thomas Edison Charter Academy ($13.1m) and The Community School Inc ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $671k (6.1% of expenses). Other salaries and wages came to $5.1m. It paid $33k in professional fundraising fees. At year end it held assets of $27.2m against liabilities of $26.3m, net assets of $888k. It reported 48 employees.