Equity Initiative Inc

Analysis

Equity Initiative Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2022, Equity Initiative Inc reported income of $63k and spending of $51k, spending 81% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $400 to $63k (+15650%), an average of +15650% a year. The sharpest change came in the year to December 2022, when income rose by 15650%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Equity Initiative Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within KS. Charities of a similar size with the same main cause include Corvallis Islamic Community ($63k), Junior Lady Knights Inc ($63k) and Kids Give Back ($63k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.