Equidad Atx Inc

Analysis

Equidad Atx Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Equidad Atx Inc reported income of $268k and spending of $302k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $268k (+387%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 561%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Equidad Atx Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Belvedere Real Care Providers Network Inc ($268k), Educational Foundation of the Nassau/Suffolk Chapter of Nccpap ($268k) and Allston Village Main Streets Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $98k (32% of expenses). Other salaries and wages came to $33k. At year end it held assets of $750k against liabilities of $503k, net assets of $247k. It reported 4 employees.