Project Equity

Analysis

Project Equity is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Project Equity reported income of $1.8m and spending of $71k, leaving 96% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income grew from $1.2m to $1.8m (+49%), an average of +49% a year. The sharpest change came in the year to March 2023, when income rose by 49%. Over the whole period it spent 2.9% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Equity sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Minot Community Foundation ($1.8m), Energy Communities Alliance Inc ($1.8m) and Phoenix Employment Services of Wilmington Inc ($1.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.8m against liabilities of $2.1m, net assets of $2.7m.