Equaspace

Analysis

Equaspace is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Equaspace reported income of $214k and spending of $231k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.3m to $214k (-83%), an average of -83% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Equaspace sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Association County Commissioners Ofgeorgia Civic Affairs Foundation ($214k), Rock CF Foundation ($214k) and San Diego Harbor Police Foundation ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $169k (73% of expenses). Other salaries and wages came to $192. At year end it held assets of $450k against liabilities of $46k, net assets of $403k. It reported 1 employees.