Eqtx Equality Texas Foundation
EIN: 742569542 · Austin, TX · NTEE: R20Z
Is Eqtx Equality Texas Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eqtx Equality Texas Foundation
Eqtx Equality Texas Foundation (EIN: 742569542) is a nonprofit organization based in Austin, TX, classified under NTEE code R20Z. The organization reported total revenue of $2.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eqtx Equality Texas Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eqtx Equality Texas Foundation is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-427,174 |
| Total Assets | $1.4M |
| Total Liabilities | $194K |
| Net Assets | $1.2M |
| Operating Margin | -26.7% |
| Debt-to-Asset Ratio | 14.0% |
| Months of Reserves | 8.2 months |
Financial Health Grade: B
In 2023, Eqtx Equality Texas Foundation reported a deficit of $427K with expenses exceeding revenue, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 14.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eqtx Equality Texas Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.1% | +23.4% | -21.0% |
| 2022 | +146.3% | +84.6% | +236.7% |
| 2021 | +63.5% | +21.3% | +47.6% |
| 2020 | -1.0% | -7.5% | +7.3% |
| 2019 | -1.5% | -26.5% | -25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eqtx Equality Texas Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eqtx Equality Texas Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $427K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.0%.
Frequently Asked Questions about Eqtx Equality Texas Foundation
Is Eqtx Equality Texas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eqtx Equality Texas Foundation (EIN: 742569542) insufficient data. 0 red flags identified, 0 strengths noted.
How does Eqtx Equality Texas Foundation spend its money?
Detailed spending breakdown data is not yet available for Eqtx Equality Texas Foundation. Check back for updated IRS 990 analysis.
Are donations to Eqtx Equality Texas Foundation tax-deductible?
Eqtx Equality Texas Foundation is registered as a tax-exempt nonprofit (EIN: 742569542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Eqtx Equality Texas Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eqtx Equality Texas Foundation's revenue has grown by 625.2%, moving from $221K to $1.6M. Total assets increased by 984.7% over the same period, from $128K to $1.4M. Total functional expenses rose by 1023.7%, from $181K to $2.0M. In its most recent filing year (2023), Eqtx Equality Texas Foundation reported a deficit of $427K, with expenses exceeding revenue. The organization holds $194K in liabilities against $1.4M in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.0M | $1.4M | $194K | — | — |
| 2022 | $2.8M | $1.6M | $1.8M | $137K | — | View 990 |
| 2021 | $1.1M | $890K | $523K | $21K | — | View 990 |
| 2020 | $687K | $734K | $354K | $85K | — | View 990 |
| 2019 | $693K | $793K | $330K | $13K | — | View 990 |
| 2018 | $704K | $1.1M | $442K | $25K | — | View 990 |
| 2017 | $1.4M | $975K | $841K | $49K | — | View 990 |
| 2016 | $1.0M | $811K | $432K | $38K | — | View 990 |
| 2015 | $1.0M | $1.3M | $223K | $19K | — | View 990 |
| 2014 | $684K | $386K | $459K | $19K | — | View 990 |
| 2013 | $349K | $326K | $152K | $10K | — | View 990 |
| 2012 | $312K | $310K | $133K | $14K | — | View 990 |
| 2011 | $221K | $181K | $128K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.0M, and assets of $1.4M (revenue -42.1% year-over-year).
- 2022: Revenue of $2.8M, expenses of $1.6M, and assets of $1.8M (revenue +146.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $890K, and assets of $523K (revenue +63.5% year-over-year).
- 2020: Revenue of $687K, expenses of $734K, and assets of $354K (revenue -1.0% year-over-year).
- 2019: Revenue of $693K, expenses of $793K, and assets of $330K (revenue -1.5% year-over-year).
- 2018: Revenue of $704K, expenses of $1.1M, and assets of $442K (revenue -48.7% year-over-year).
- 2017: Revenue of $1.4M, expenses of $975K, and assets of $841K (revenue +37.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $811K, and assets of $432K (revenue -3.2% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.3M, and assets of $223K (revenue +51.2% year-over-year).
- 2014: Revenue of $684K, expenses of $386K, and assets of $459K (revenue +95.9% year-over-year).
- 2013: Revenue of $349K, expenses of $326K, and assets of $152K (revenue +11.7% year-over-year).
- 2012: Revenue of $312K, expenses of $310K, and assets of $133K (revenue +41.5% year-over-year).
- 2011: Revenue of $221K, expenses of $181K, and assets of $128K.
Data Sources and Methodology
This transparency report for Eqtx Equality Texas Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.