Finequity Inc

Analysis

Finequity Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Finequity Inc reported income of $566k and spending of $522k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $259k to $566k (+118%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 265%. Over the whole period it spent 52% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Finequity Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Childrens Guardian Fund Inc ($566k), Immanuel Housing Inc ($566k) and Organization for Human Rights and Democracy ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $167k (32% of expenses). At year end it held assets of $1.0m against liabilities of $10k, net assets of $1.0m. It reported 12 employees.