Operation Equivalency Inc

Analysis

Operation Equivalency Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, Operation Equivalency Inc reported income of $326k and spending of $300k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $124k to $326k (+163%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 536%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Operation Equivalency Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Student-Athletes Organized to Understand Leadership ($326k), Childrens Disabilities Information Coalition ($326k) and Blue Ridge Educational Center Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $134k. At year end it held assets of $31k against liabilities of $0, net assets of $31k. It reported 6 employees.