Equipped for Life

Analysis

Equipped for Life is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2023, 3 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 December 2023, Equipped for Life reported income of $225k and spending of $154k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $225k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Equipped for Life sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Restore Ministries Inc ($225k), M3 Romania NFP ($225k) and Ignite Myanmar ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. At year end it held assets of $180k against liabilities of $7,284, net assets of $173k.