Equipping Group Inc

Analysis

Equipping Group Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Equipping Group Inc reported income of $232k and spending of $199k, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $144k to $232k (+61%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Equipping Group Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include M U D Ministries ($232k), Mission to Seafarers ($232k) and House Revival Ministries Inc ($232k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $81k (41% of expenses). At year end it held assets of $108k against liabilities of $1,510, net assets of $107k. It reported 1 employees.