Advancing Equity Coalition

Analysis

Advancing Equity Coalition is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Advancing Equity Coalition reported income of $130k and spending of $275k, spending 212% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $715k to $130k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advancing Equity Coalition sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Healdsburg Community Nursery School Inc ($130k), Breeden Library Foundation Inc ($130k) and Central High School Alumni & Associates of Alamo TN ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $201k against liabilities of $2,936, net assets of $198k.