Equitable Foundation Inc
Equitable Foundation Inc. maintains substantial assets and reports no executive compensation, with fluctuating but often significant revenue surpluses.
EIN: 131340512 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.4M |
| Total Expenses | $6.8M |
| Program Spending | 90% |
| Net Assets | $105.0M |
| Transparency Score | 92/100 |
Is Equitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equitable Foundation Inc
Equitable Foundation Inc (EIN: 131340512) is a nonprofit organization based in New York, NY. The organization reported total revenue of $14.4M and total assets of $112.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equitable Foundation Inc is a large nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.9M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$15.1M |
| Total Assets | $106.1M |
| Total Liabilities | $1.1M |
| Net Assets | $105.0M |
| Operating Margin | 69.0% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 187.8 months |
Financial Health Grade: A
In 2023, Equitable Foundation Inc reported a surplus of $15.1M with revenue exceeding expenses, holds 187.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Equitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +274.2% | +15.9% | +9.7% |
| 2022 | +53.6% | +4.3% | -20.0% |
| 2021 | +30.2% | +22.5% | +9.5% |
| 2020 | -89.6% | -0.8% | +6.2% |
| 2019 | +1733.0% | +10.4% | +109.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Equitable Foundation Inc with a Mission Score of 92 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: 90%
- fundraising: 5%
According to IRS 990 filings, Equitable Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $15.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Equitable Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, directors, trustees, or key employees, which is highly favorable for financial stewardship.
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 Equitable Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making future revenue projections less predictable.
Strengths
The following positive indicators were identified for Equitable Foundation Inc:
- Strong asset base, currently at $112,407,153, providing long-term financial security.
- Consistent reporting of 0% officer compensation, indicating excellent financial transparency and stewardship.
- History of generating significant revenue surpluses, contributing to asset growth (e.g., $15,120,458 surplus in 2023).
- Low liabilities relative to assets, with liabilities at $1,057,142 against $106,085,926 in assets in 2023.
Frequently Asked Questions about Equitable Foundation Inc
Is Equitable Foundation Inc a legitimate charity?
Equitable Foundation Inc (EIN: 131340512) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $14.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Equitable Foundation Inc spend its money?
Equitable Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Equitable Foundation Inc tax-deductible?
Equitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131340512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Equitable Foundation Inc's spending goes to programs?
Equitable Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Equitable Foundation Inc located?
Equitable Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 131340512.
How many years of IRS 990 filings does Equitable Foundation Inc have?
Equitable Foundation Inc has 10 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 $14.4M in total revenue.
Is Equitable Foundation Inc. financially stable?
Yes, Equitable Foundation Inc. appears financially stable, with substantial assets of $112,407,153 and a history of generating significant revenue surpluses, such as the $15,120,458 surplus in 2023 ($21,898,403 revenue - $6,777,945 expenses).
How does Equitable Foundation Inc. manage executive compensation?
Equitable Foundation Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no compensation is paid to its officers, directors, trustees, or key employees.
What is the trend in Equitable Foundation Inc.'s assets?
Equitable Foundation Inc.'s assets have shown consistent growth over the long term, increasing from $30,322,240 in 2011 to $112,407,153 currently, despite some year-to-year fluctuations.
Filing History
IRS 990 filing history for Equitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Equitable Foundation Inc's revenue has grown by 590.9%, moving from $3.2M to $21.9M. Total assets increased by 249.9% over the same period, from $30.3M to $106.1M. Total functional expenses rose by 41.6%, from $4.8M to $6.8M. In its most recent filing year (2023), Equitable Foundation Inc reported a surplus of $15.1M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $106.1M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $105.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.9M | $6.8M | $106.1M | $1.1M | — | — |
| 2022 | $5.9M | $5.8M | $96.7M | $796K | — | View 990 |
| 2021 | $3.8M | $5.6M | $120.9M | $969K | — | View 990 |
| 2020 | $2.9M | $4.6M | $110.4M | $1.1M | — | View 990 |
| 2019 | $28.0M | $4.6M | $103.9M | $995K | — | — |
| 2015 | $1.5M | $4.2M | $49.6M | $290K | — | View 990 |
| 2014 | $7.9M | $4.4M | $52.5M | $296K | — | View 990 |
| 2013 | $25.6M | $4.7M | $54.2M | $794K | — | View 990 |
| 2012 | $2.7M | $4.9M | $29.7M | $380K | — | View 990 |
| 2011 | $3.2M | $4.8M | $30.3M | $584K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.9M, expenses of $6.8M, and assets of $106.1M (revenue +274.2% year-over-year).
- 2022: Revenue of $5.9M, expenses of $5.8M, and assets of $96.7M (revenue +53.6% year-over-year).
- 2021: Revenue of $3.8M, expenses of $5.6M, and assets of $120.9M (revenue +30.2% year-over-year).
- 2020: Revenue of $2.9M, expenses of $4.6M, and assets of $110.4M (revenue -89.6% year-over-year).
- 2019: Revenue of $28.0M, expenses of $4.6M, and assets of $103.9M (revenue +1733.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $4.2M, and assets of $49.6M (revenue -80.7% year-over-year).
- 2014: Revenue of $7.9M, expenses of $4.4M, and assets of $52.5M (revenue -69.1% year-over-year).
- 2013: Revenue of $25.6M, expenses of $4.7M, and assets of $54.2M (revenue +835.3% year-over-year).
- 2012: Revenue of $2.7M, expenses of $4.9M, and assets of $29.7M (revenue -13.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $4.8M, and assets of $30.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equitable Foundation Inc:
Data Sources and Methodology
This transparency report for Equitable Foundation 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.