Equinox Inc
Equinox Inc. maintains stable finances with no reported officer compensation, though experienced a slight deficit in 2023.
EIN: 141437421 · Albany, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.5M |
| Total Expenses | $10.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11,465,539 |
| Net Assets | $4.6M |
| Transparency Score | 85/100 |
Is Equinox Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equinox Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equinox Inc
Equinox Inc (EIN: 141437421) is a nonprofit organization based in Albany, NY, classified under NTEE code L21. The organization reported total revenue of $11.5M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equinox Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equinox Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.4M |
| Total Expenses | $10.7M |
| Surplus / Deficit | $-309,557 |
| Total Assets | $9.0M |
| Total Liabilities | $4.4M |
| Net Assets | $4.6M |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 48.7% |
| Months of Reserves | 10.1 months |
Financial Health Grade: B
In 2023, Equinox Inc reported a deficit of $310K with expenses exceeding revenue, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 48.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Equinox Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | -5.1% | +7.9% |
| 2022 | +2.9% | +18.6% | +7.5% |
| 2021 | +19.0% | +5.0% | -5.6% |
| 2020 | -2.8% | -5.2% | +35.0% |
| 2019 | +2.8% | +2.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Equinox 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Equinox Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $310K, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.7%.
Executive Compensation Analysis
Equinox Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers. This is highly unusual for an organization of its size (latest revenue $11,465,539) and suggests either a volunteer leadership structure or that compensation is categorized differently, which would warrant further investigation for full transparency.
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 Equinox Inc's IRS 990 filings:
- Consistent 0% officer compensation is unusual for an organization of this size and warrants further investigation into how leadership is compensated or if it's truly volunteer-led.
- The 2023 filing shows expenses ($10,685,321) exceeding revenue ($10,375,764), resulting in a deficit, which could indicate a need for closer monitoring of financial sustainability if it becomes a trend.
Strengths
The following positive indicators were identified for Equinox Inc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards its mission.
- Stable revenue generation, consistently in the $9-11 million range over the past decade.
- Growing asset base, increasing from $6,087,418 in 2019 to $8,992,739 in 2023, enhancing long-term financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and accountability.
- Liabilities are well-covered by assets, indicating a healthy balance sheet.
Frequently Asked Questions about Equinox Inc
Is Equinox Inc a legitimate charity?
Equinox Inc (EIN: 141437421) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.5M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Equinox Inc spend its money?
Equinox Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Equinox Inc tax-deductible?
Equinox Inc is registered as a tax-exempt nonprofit (EIN: 141437421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Equinox Inc CEO make?
Equinox Inc's highest-compensated officer earns $11,465,539 annually. The organization reported $11.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Equinox Inc's spending goes to programs?
Equinox Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Equinox Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Equinox Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equinox Inc located?
Equinox Inc is headquartered in Albany, New York and files with the IRS under EIN 141437421. It is classified under NTEE code L21.
How many years of IRS 990 filings does Equinox Inc have?
Equinox Inc has 13 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 $11.5M in total revenue.
Is Equinox Inc. a good charity?
Based on the available data, Equinox Inc. appears to be a good charity. It demonstrates consistent financial reporting, growing assets, and notably, reports 0% officer compensation, suggesting a strong focus on its mission rather than executive pay. While the 2023 filing showed a slight deficit, its overall financial trend is stable.
How has Equinox Inc.'s financial health changed over time?
Equinox Inc.'s financial health has been relatively stable, with revenues generally in the $9-11 million range. Assets have shown a positive trend, increasing from $6,087,418 in 2019 to $8,992,739 in 2023. While there have been periods of deficits (e.g., 2017, 2023), these appear to be managed within the context of overall stable operations and growing asset base.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or that executive compensation is reported under different expense categories, which would require deeper scrutiny of their full 990 forms. If truly volunteer-led, it indicates an exceptional dedication to maximizing funds for programmatic use.
Are there any concerns about Equinox Inc.'s liabilities?
Equinox Inc.'s liabilities have fluctuated, reaching a high of $5,351,898 in 2020 and standing at $4,376,805 in 2023. However, these liabilities are consistently well-covered by the organization's assets, which were $8,992,739 in 2023. This indicates a healthy balance sheet where assets significantly outweigh liabilities, posing no immediate concern.
How does Equinox Inc. compare to other nonprofits of similar size?
Compared to many nonprofits with over $10 million in revenue, Equinox Inc.'s consistent 0% officer compensation is a standout feature, suggesting a potentially higher proportion of funds directed to programs. Its stable revenue and growing asset base are also positive indicators, though a detailed comparison would require specific industry benchmarks for NTEE code L21.
Filing History
IRS 990 filing history for Equinox Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Equinox Inc's revenue has grown by 62.3%, moving from $6.4M to $10.4M. Total assets increased by 116.5% over the same period, from $4.2M to $9.0M. Total functional expenses rose by 67.4%, from $6.4M to $10.7M. In its most recent filing year (2023), Equinox Inc reported a deficit of $310K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $9.0M in assets (debt-to-asset ratio: 48.7%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.4M | $10.7M | $9.0M | $4.4M | — | — |
| 2022 | $11.6M | $11.3M | $8.3M | $3.5M | — | View 990 |
| 2021 | $11.3M | $9.5M | $7.8M | $3.0M | — | View 990 |
| 2020 | $9.5M | $9.0M | $8.2M | $5.4M | — | View 990 |
| 2019 | $9.7M | $9.5M | $6.1M | $3.7M | — | View 990 |
| 2018 | $9.5M | $9.3M | $6.2M | $4.0M | — | View 990 |
| 2017 | $9.0M | $10.1M | $6.5M | $4.5M | — | — |
| 2016 | $9.9M | $10.2M | $7.7M | $4.6M | — | View 990 |
| 2015 | $10.4M | $10.8M | $8.2M | $4.7M | — | View 990 |
| 2014 | $10.3M | $10.7M | $8.6M | $4.6M | — | View 990 |
| 2013 | $11.2M | $11.7M | $9.2M | $4.9M | — | View 990 |
| 2012 | $8.5M | $9.2M | $9.0M | $4.1M | — | View 990 |
| 2011 | $6.4M | $6.4M | $4.2M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.4M, expenses of $10.7M, and assets of $9.0M (revenue -10.4% year-over-year).
- 2022: Revenue of $11.6M, expenses of $11.3M, and assets of $8.3M (revenue +2.9% year-over-year).
- 2021: Revenue of $11.3M, expenses of $9.5M, and assets of $7.8M (revenue +19.0% year-over-year).
- 2020: Revenue of $9.5M, expenses of $9.0M, and assets of $8.2M (revenue -2.8% year-over-year).
- 2019: Revenue of $9.7M, expenses of $9.5M, and assets of $6.1M (revenue +2.8% year-over-year).
- 2018: Revenue of $9.5M, expenses of $9.3M, and assets of $6.2M (revenue +5.5% year-over-year).
- 2017: Revenue of $9.0M, expenses of $10.1M, and assets of $6.5M (revenue -9.3% year-over-year).
- 2016: Revenue of $9.9M, expenses of $10.2M, and assets of $7.7M (revenue -5.0% year-over-year).
- 2015: Revenue of $10.4M, expenses of $10.8M, and assets of $8.2M (revenue +0.7% year-over-year).
- 2014: Revenue of $10.3M, expenses of $10.7M, and assets of $8.6M (revenue -7.7% year-over-year).
- 2013: Revenue of $11.2M, expenses of $11.7M, and assets of $9.2M (revenue +31.2% year-over-year).
- 2012: Revenue of $8.5M, expenses of $9.2M, and assets of $9.0M (revenue +33.4% year-over-year).
- 2011: Revenue of $6.4M, expenses of $6.4M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equinox Inc:
Data Sources and Methodology
This transparency report for Equinox 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.