Education Equity Fund NFP

Analysis

Education Equity Fund NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2021, 5 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 June 2023, Education Equity Fund NFP reported income of $54k and spending of $46k, spending 84% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $42k to $54k (+31%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Education Equity Fund NFP sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Tidewater Intergroup Council ($54k), Oxford School District Foundation ($54k) and Live Like Jack Foundation ($54k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $511k against liabilities of $487k, net assets of $24k.