Equitech Futures Foundation

Analysis

Equitech Futures Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2023, 3 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 December 2023, Equitech Futures Foundation reported income of $566k and spending of $319k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $593 to $566k (+95297%), an average of +95297% a year. The sharpest change came in the year to December 2023, when income rose by 95297%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equitech Futures Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Encompass Academy ($566k), 232-Help Inc ($566k) and Norfolk Public Schools Foundation Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.