Equity Arc

Analysis

Equity Arc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Equity Arc reported income of $647k and spending of $296k, leaving 54% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $215k to $647k (+201%), an average of +201% a year. The sharpest change came in the year to August 2023, when income rose by 201%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Equity Arc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Center for Shared Civilizational Values ($647k), Pianos for People ($648k) and Cultural Arts Festivals and Events of Erie ($647k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Other salaries and wages came to $155k. At year end it held assets of $463k against liabilities of $1,112, net assets of $462k.