Nation of Equality Alliance Corp

Analysis

Nation of Equality Alliance Corp is a registered charity in United States, based in Palmdale, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Nation of Equality Alliance Corp reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $591k to $1.7m (+188%), an average of +188% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nation of Equality Alliance Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Little River Property Management Inc ($1.7m), Chatham Gardens Housing Corporation ($1.7m) and Mayflower Gardens II ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $16k (0.9% of expenses). At year end it held assets of $33k against liabilities of $63k, net assets of -$30k.