The Equity Institute

Analysis

The Equity Institute is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 2019, 7 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, The Equity Institute reported income of $1.4m and spending of $1.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $1.4m (+420%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 350%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Equity Institute sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within RI. Charities of a similar size with the same main cause include Hartford Youth Scholars Foundation Inc ($1.4m), Project Leadership Inc ($1.4m) and Legacy Advancement ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $340k (21% of expenses). Other salaries and wages came to $621k. At year end it held assets of $1.4m against liabilities of $41k, net assets of $1.3m. It reported 16 employees.