Equation Collaborative Corp

Analysis

Equation Collaborative Corp is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Equation Collaborative Corp reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $950k to $1.3m (+35%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Equation Collaborative Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Community Students Learning Center ($1.3m), Community Matters Cincinnati Inc ($1.3m) and Bags of Love ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $150k (13% of expenses). Other salaries and wages came to $124k. At year end it held assets of $327k against liabilities of $1,852, net assets of $325k. It reported 5 employees.