Requity Foundation Inc

Analysis

Requity Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Requity Foundation Inc reported income of $230k and spending of $297k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $523k to $230k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Requity Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Parkville Community Development Corporation ($230k), Boost Pad Inc ($230k) and Northwood Womans Club Charitable Fund ($230k).

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 $13k. At year end it held assets of $337k against liabilities of $828, net assets of $336k. It reported 6 employees.