Equality Now Inc
Equality Now Inc. reports a $4.6 million deficit in 2023 despite substantial assets and zero officer compensation.
EIN: 133660566 · New York, NY · NTEE: Q700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.6M |
| Total Expenses | $12.3M |
| Program Spending | 80% |
| Net Assets | $26.6M |
| Transparency Score | 85/100 |
Is Equality Now Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equality Now Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equality Now Inc
Equality Now Inc (EIN: 133660566) is a nonprofit organization based in New York, NY, classified under NTEE code Q700. The organization reported total revenue of $23.6M and total assets of $28.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equality Now Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equality Now Inc is a large nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $12.3M |
| Surplus / Deficit | $-4,658,962 |
| Total Assets | $27.4M |
| Total Liabilities | $778K |
| Net Assets | $26.6M |
| Operating Margin | -61.2% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 26.7 months |
Financial Health Grade: B
In 2023, Equality Now Inc reported a deficit of $4.7M with expenses exceeding revenue, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Equality Now Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.5% | +21.5% | -10.3% |
| 2022 | +140.2% | +36.7% | +81.0% |
| 2021 | +82.9% | +20.3% | +30.8% |
| 2020 | -28.2% | -6.6% | +0.5% |
| 2019 | +23.2% | -20.7% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Now Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Equality Now Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $4.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Equality Now Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is an exceptional practice for a nonprofit of its size and revenue.
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 Now Inc's IRS 990 filings:
- Significant operational deficit in the latest fiscal year (202312), with expenses exceeding revenue by $4,658,962.
Strengths
The following positive indicators were identified for Equality Now Inc:
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to mission-focused spending.
- Maintains substantial assets ($27,356,184 in 2023) providing financial stability despite revenue fluctuations.
- Low liabilities relative to assets, indicating sound financial management.
- Demonstrated ability to generate significant revenue in certain periods, such as $25,010,005 in 2022.
Frequently Asked Questions about Equality Now Inc
Is Equality Now Inc a legitimate charity?
Equality Now Inc (EIN: 133660566) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $23.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Equality Now Inc spend its money?
Equality Now Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Equality Now Inc tax-deductible?
Equality Now Inc is registered as a tax-exempt nonprofit (EIN: 133660566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Equality Now Inc's spending goes to programs?
Equality Now Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Equality Now Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Equality Now Inc is above average for NTEE category Q700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equality Now Inc located?
Equality Now Inc is headquartered in New York, New York and files with the IRS under EIN 133660566. It is classified under NTEE code Q700.
How many years of IRS 990 filings does Equality Now Inc have?
Equality Now Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.6M in total revenue.
Is Equality Now Inc. financially stable?
While Equality Now Inc. reported a deficit of $4,658,962 in 2023 (Expenses $12,275,838 vs. Revenue $7,616,876), it maintains substantial assets of $27,356,184, suggesting a strong financial reserve to absorb such fluctuations.
How does Equality Now Inc. manage executive compensation?
Equality Now Inc. reports 0% officer compensation in all available IRS 990 filings, indicating a commitment to directing funds away from executive salaries and towards its mission.
What is the trend in Equality Now Inc.'s revenue?
Equality Now Inc.'s revenue has been highly variable, ranging from $3,210,113 in 2016 to $25,010,005 in 2022, with the latest reported revenue at $7,616,876 in 2023.
Are the organization's liabilities a concern?
No, the organization's liabilities are relatively low compared to its assets. For example, in 2023, liabilities were $777,843 against assets of $27,356,184, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Equality Now Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Equality Now Inc's revenue has grown by 211.7%, moving from $2.4M to $7.6M. Total assets increased by 680.3% over the same period, from $3.5M to $27.4M. Total functional expenses rose by 327.3%, from $2.9M to $12.3M. In its most recent filing year (2023), Equality Now Inc reported a deficit of $4.7M, with expenses exceeding revenue. The organization holds $778K in liabilities against $27.4M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $26.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $12.3M | $27.4M | $778K | — | View 990 |
| 2022 | $25.0M | $10.1M | $30.5M | $961K | — | — |
| 2021 | $10.4M | $7.4M | $16.8M | $1.3M | — | View 990 |
| 2020 | $5.7M | $6.1M | $12.9M | $601K | — | View 990 |
| 2019 | $7.9M | $6.6M | $12.8M | $346K | — | View 990 |
| 2018 | $6.4M | $8.3M | $11.2M | $330K | — | View 990 |
| 2017 | $12.0M | $5.4M | $12.6M | $161K | — | View 990 |
| 2016 | $3.2M | $4.9M | $5.9M | $199K | — | View 990 |
| 2015 | $4.5M | $4.9M | $7.9M | $499K | — | View 990 |
| 2014 | $7.6M | $4.7M | $7.9M | $121K | — | View 990 |
| 2013 | $2.9M | $3.2M | $4.9M | $81K | — | View 990 |
| 2012 | $5.9M | $3.2M | $5.4M | $246K | — | View 990 |
| 2011 | $2.6M | $3.3M | $2.8M | $323K | — | View 990 |
| 2010 | $2.4M | $2.9M | $3.5M | $359K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $12.3M, and assets of $27.4M (revenue -69.5% year-over-year).
- 2022: Revenue of $25.0M, expenses of $10.1M, and assets of $30.5M (revenue +140.2% year-over-year).
- 2021: Revenue of $10.4M, expenses of $7.4M, and assets of $16.8M (revenue +82.9% year-over-year).
- 2020: Revenue of $5.7M, expenses of $6.1M, and assets of $12.9M (revenue -28.2% year-over-year).
- 2019: Revenue of $7.9M, expenses of $6.6M, and assets of $12.8M (revenue +23.2% year-over-year).
- 2018: Revenue of $6.4M, expenses of $8.3M, and assets of $11.2M (revenue -46.5% year-over-year).
- 2017: Revenue of $12.0M, expenses of $5.4M, and assets of $12.6M (revenue +274.4% year-over-year).
- 2016: Revenue of $3.2M, expenses of $4.9M, and assets of $5.9M (revenue -29.1% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.9M, and assets of $7.9M (revenue -40.7% year-over-year).
- 2014: Revenue of $7.6M, expenses of $4.7M, and assets of $7.9M (revenue +163.1% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.2M, and assets of $4.9M (revenue -50.5% year-over-year).
- 2012: Revenue of $5.9M, expenses of $3.2M, and assets of $5.4M (revenue +124.7% year-over-year).
- 2011: Revenue of $2.6M, expenses of $3.3M, and assets of $2.8M (revenue +6.7% year-over-year).
- 2010: Revenue of $2.4M, expenses of $2.9M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equality Now Inc:
Data Sources and Methodology
This transparency report for Equality Now Inc 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.