DBL Equity Partners

Analysis

DBL Equity Partners is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in April 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, DBL Equity Partners reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $953k to $2.1m (+116%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, DBL Equity Partners sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ND. Charities of a similar size with the same main cause include Public Works Alliance ($2.1m), Painters Apprenticeship and Journeymen Training Fund ($2.1m) and Community Sheltered Workshop Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $1.4m against liabilities of $1.4m, net assets of -$21.