Equality Nc
Equality NC faces recent operating deficits despite strong program focus and zero reported officer compensation.
EIN: 20662714 · Durham, NC · NTEE: R26 · Updated: 2026-03-28
Is Equality Nc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equality Nc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equality Nc
Equality Nc (EIN: 20662714) is a nonprofit organization based in Durham, NC, classified under NTEE code R26. The organization reported total revenue of $322K and total assets of $263K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equality Nc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equality Nc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $164K |
| Total Expenses | $267K |
| Surplus / Deficit | $-102,996 |
| Total Assets | $289K |
| Total Liabilities | $28K |
| Net Assets | $260K |
| Operating Margin | -62.9% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 13.0 months |
Financial Health Grade: B
In 2023, Equality Nc reported a deficit of $103K with expenses exceeding revenue, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Equality Nc's revenue has declined at a compound annual growth rate (CAGR) of -9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.7% | -4.3% | -34.3% |
| 2022 | -11.7% | +11.7% | +26.1% |
| 2021 | -32.1% | -48.6% | +25.5% |
| 2020 | +70.4% | +136.5% | +30.3% |
| 2019 | -48.5% | -72.0% | +63.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Equality Nc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Equality Nc allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.7%.
Executive Compensation Analysis
Equality NC has consistently reported 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly commendable for a nonprofit of its size and demonstrates a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Equality Nc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal period (2023), with $266,675 in expenses against $163,679 in revenue.
- Significant decrease in assets from $439,323 in 2022 to $288,604 in 2023, partly due to operating deficits.
- Revenue has shown considerable volatility over the past decade, ranging from $163,679 in 2023 to $979,881 in 2016, indicating potential instability in funding.
Strengths
The following positive indicators were identified for Equality Nc:
- Consistently reports 0% officer compensation across all 13 available filings, demonstrating excellent financial stewardship and transparency.
- Strong program focus, with an estimated 80% of spending directed towards programs.
- Maintains a healthy asset-to-liability ratio, with assets of $288,604 significantly exceeding liabilities of $28,107 in 2023.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Equality Nc
Is Equality Nc a legitimate charity?
Based on AI analysis of IRS 990 filings, Equality Nc (EIN: 20662714) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Equality Nc spend its money?
Equality Nc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Equality Nc tax-deductible?
Equality Nc is registered as a tax-exempt nonprofit (EIN: 20662714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Equality NC a good charity?
Equality NC demonstrates strong program focus and excellent transparency regarding executive compensation, reporting 0% officer compensation across all filings. However, recent financial periods show expenses exceeding revenue, such as in 2023 where expenses were $266,675 against $163,679 in revenue, which could impact long-term sustainability if not addressed.
How has Equality NC's financial health changed over time?
Equality NC's financial health has fluctuated significantly. While it had strong revenue years like $979,881 in 2016, it has also experienced periods of deficit, including the most recent year (2023) where expenses ($266,675) outpaced revenue ($163,679), leading to a decrease in assets from $439,323 in 2022 to $288,604 in 2023.
What is Equality NC's approach to executive compensation?
Equality NC has a highly transparent and efficient approach to executive compensation, consistently reporting 0% officer compensation in all available IRS 990 filings. This means no salaries were paid to officers, which is a significant positive indicator for donors.
Are Equality NC's assets sufficient to cover its liabilities?
Yes, Equality NC's assets appear sufficient to cover its liabilities. In 2023, assets were $288,604 while liabilities were $28,107, indicating a healthy financial position in terms of solvency.
Filing History
IRS 990 filing history for Equality Nc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Equality Nc's revenue has declined by 69.3%, moving from $533K to $164K. Total assets increased by 79.4% over the same period, from $161K to $289K. Total functional expenses fell by 39.6%, from $441K to $267K. In its most recent filing year (2023), Equality Nc reported a deficit of $103K, with expenses exceeding revenue. The organization holds $28K in liabilities against $289K in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $260K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $164K | $267K | $289K | $28K | — | — |
| 2022 | $326K | $279K | $439K | $76K | — | View 990 |
| 2021 | $369K | $250K | $349K | $32K | — | View 990 |
| 2020 | $543K | $486K | $278K | $80K | — | View 990 |
| 2019 | $318K | $205K | $213K | $108K | — | View 990 |
| 2018 | $618K | $734K | $130K | $109K | — | View 990 |
| 2017 | $712K | $771K | $155K | $18K | — | View 990 |
| 2016 | $980K | $853K | $267K | $60K | — | View 990 |
| 2015 | $518K | $540K | $80K | $-113 | — | View 990 |
| 2014 | $468K | $500K | $103K | $352 | — | View 990 |
| 2013 | $492K | $501K | $135K | $526 | — | View 990 |
| 2012 | $477K | $487K | $157K | $13K | — | View 990 |
| 2011 | $533K | $441K | $161K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $164K, expenses of $267K, and assets of $289K (revenue -49.7% year-over-year).
- 2022: Revenue of $326K, expenses of $279K, and assets of $439K (revenue -11.7% year-over-year).
- 2021: Revenue of $369K, expenses of $250K, and assets of $349K (revenue -32.1% year-over-year).
- 2020: Revenue of $543K, expenses of $486K, and assets of $278K (revenue +70.4% year-over-year).
- 2019: Revenue of $318K, expenses of $205K, and assets of $213K (revenue -48.5% year-over-year).
- 2018: Revenue of $618K, expenses of $734K, and assets of $130K (revenue -13.2% year-over-year).
- 2017: Revenue of $712K, expenses of $771K, and assets of $155K (revenue -27.4% year-over-year).
- 2016: Revenue of $980K, expenses of $853K, and assets of $267K (revenue +89.3% year-over-year).
- 2015: Revenue of $518K, expenses of $540K, and assets of $80K (revenue +10.7% year-over-year).
- 2014: Revenue of $468K, expenses of $500K, and assets of $103K (revenue -4.9% year-over-year).
- 2013: Revenue of $492K, expenses of $501K, and assets of $135K (revenue +3.1% year-over-year).
- 2012: Revenue of $477K, expenses of $487K, and assets of $157K (revenue -10.6% year-over-year).
- 2011: Revenue of $533K, expenses of $441K, and assets of $161K.
Data Sources and Methodology
This transparency report for Equality Nc 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.