Equipus Inc

Analysis

Equipus Inc is a registered charity in United States, based in Scottsboro, AL. It received its IRS tax-exemption ruling in April 2020, 6 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 September 2023, Equipus Inc reported income of $238k and spending of $231k, spending 97% of its income. Across the 4 years on record, from December 2020 to September 2023, income grew from $105k to $238k (+127%), an average of +31% a year. The sharpest change came in the year to September 2022, when income rose by 72%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Equipus Inc 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 57th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include First Love Ministries International Inc ($237k), Endless Satsang Foundation Inc ($238k) and Truth and Love Christian Church ($237k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $58k. At year end it held assets of $132k against liabilities of $0, net assets of $132k.