Equip

Analysis

Equip is a registered charity in United States, based in Pelham, AL. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 reported income of $533k and spending of $568k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $533k (+126%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equip sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Moses Lake Booster Club ($533k), Moores Daycare Inc ($533k) and American Society of Landscape Architect Libr and Ed Adv Fund Inc ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $104k (18% of expenses). Other salaries and wages came to $182k. At year end it held assets of $198k against liabilities of $2,377, net assets of $196k. It reported 27 employees.