Equity Impact Center

Analysis

Equity Impact Center is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equity Impact Center reported income of $836k and spending of $691k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $234k to $836k (+257%), an average of +257% a year. The sharpest change came in the year to December 2023, when income rose by 257%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Equity Impact Center 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 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Veterans Future Foundation ($836k), Swan Vocational Enterprises ($836k) and Applied Strategies International Ltd ($835k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $233k. At year end it held assets of $496k against liabilities of $293k, net assets of $204k. It reported 2 employees.