Action4equity

Analysis

Action4equity is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 2020, 6 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 June 2023, Action4equity reported income of $1.6m and spending of $1.9m, spending 121% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $303k to $1.6m (+419%), an average of +128% a year. The sharpest change came in the year to June 2022, when income rose by 360%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Action4equity sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Lake and Park School ($1.6m), Edified Christian Prepatory Academy ($1.6m) and Free Public Library of Highland Park ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $91k (4.8% of expenses). Other salaries and wages came to $296k. At year end it held assets of $794k against liabilities of $213k, net assets of $581k. It reported 13 employees.