National Equity Project

Analysis

National Equity Project is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 1995, 31 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 June 2023, National Equity Project reported income of $8.8m and spending of $8.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $8.8m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Equity Project sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Denver Montessori Society ($8.8m), Fwdus Education Fund Inc ($8.8m) and Scuola Vita Nuova ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $617k (7.1% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $16.3m against liabilities of $1.1m, net assets of $15.2m. It reported 60 employees.