Aequitas Education

Analysis

Aequitas Education is a registered charity in United States, based in Gallup, NM. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aequitas Education reported income of $719k and spending of $306k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $719k (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 197%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aequitas Education sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Futurecare of North Carolina Inc ($719k), Central Arkansas Montessori Inc ($719k) and The Academy of Coastal Carolina Inc ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $8.5m against liabilities of $7.7m, net assets of $861k.