Equip Life Ministries

Analysis

Equip Life Ministries is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Life Ministries reported income of $107k and spending of $78k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $107k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Equip Life Ministries sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OK. Charities of a similar size with the same main cause include Vietnamese Buddhist Community of Tacoma and Vicinity ($107k), Prodigal Ministries Inc ($107k) and Fish Farm Ministries Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $345k against liabilities of $292k, net assets of $54k. It reported 3 employees.