Action for Equity Inc

Analysis

Action for Equity Inc is a registered charity in United States, based in Dorchestr Ctr, MA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. 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, Action for Equity Inc reported income of $633k and spending of $635k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $795k to $633k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Action for Equity Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Avenida Espana HDC Inc ($633k), Blessed Trinity Housing Inc ($633k) and Meigs Industries ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $246k. At year end it held assets of $91k against liabilities of $12k, net assets of $79k. It reported 7 employees.