Equip Inc

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Equip Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Equip Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Equip Inc in one place.

Is Equip Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Equip Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Equip Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Equip Inc directs 92% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Equip Inc

Equip Inc (EIN: 222452414) is a nonprofit organization based in Marion, NC. The organization reported total revenue of $2.8M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equip Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Equip Inc is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.1%.

Key Financial Metrics (2022)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2022, Equip Inc reported a surplus of $170K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).

Financial Trends

Over 12 years of filings (2011–2022), Equip Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.

IRS Tax-Exempt Classification

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 Equip 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: 5%
• programs: 92%
• fundraising: 3%

According to IRS 990 filings, Equip Inc allocates its expenses as follows: admin: 5%, programs: 92%, fundraising: 3%. With 92% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2022)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $170K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.9%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure.

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.

Strengths

The following positive indicators were identified for Equip Inc:

• Consistently high percentage of expenses dedicated to programs (e.g., 92% in 2022).
• Strong financial health with assets consistently exceeding liabilities (e.g., $2,160,518 in assets vs. $19,281 in liabilities in 2022).
• Stable revenue generation over the past several years, demonstrating operational consistency.
• Low administrative and fundraising costs, maximizing impact per dollar.
• Zero reported executive compensation, suggesting a highly efficient and mission-driven leadership.

Frequently Asked Questions about Equip Inc

Filing History

IRS 990 filing history for Equip Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Equip Inc's revenue has grown by 39.4%, moving from $1.6M to $2.2M. Total assets increased by 47.9% over the same period, from $1.4M to $2.1M. Total functional expenses rose by 38.2%, from $1.5M to $2.1M. In its most recent filing year (2022), Equip Inc reported a surplus of $170K, with revenue exceeding expenses. The organization holds $19K in liabilities against $2.1M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $2.1M.

Year-by-Year Financial Summary

• 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $2.1M (revenue +1.8% year-over-year).
• 2021: Revenue of $2.2M, expenses of $2.2M, and assets of $1.9M (revenue +1.9% year-over-year).
• 2020: Revenue of $2.2M, expenses of $1.9M, and assets of $1.9M (revenue +18.8% year-over-year).
• 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $1.7M (revenue -13.4% year-over-year).
• 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $1.6M (revenue +16.8% year-over-year).
• 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $1.5M (revenue +2.7% year-over-year).
• 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $1.6M (revenue -1.2% year-over-year).
• 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $1.4M (revenue +0.4% year-over-year).
• 2014: Revenue of $1.8M, expenses of $1.6M, and assets of $1.4M (revenue +1.5% year-over-year).
• 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $1.4M (revenue +13.4% year-over-year).
• 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $1.3M (revenue -4.7% year-over-year).
• 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Equip Inc:

Data Sources and Methodology

This transparency report for Equip 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.