Embracing Equity Inc

Analysis

Embracing Equity Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2020, 6 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, Embracing Equity Inc reported income of $969k and spending of $1.0m, spending 107% of what it took in. Across the 4 years on record, from June 2021 to December 2023, income fell from $1.4m to $969k (-31%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Embracing Equity Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Mountaineers School of Autism ($968k), Lyman Learning Institute Inc ($969k) and North Country Charter Academy ($968k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $496k (48% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.4m against liabilities of $121k, net assets of $1.3m. It reported 7 employees.