Out & Equal
Out & Equal shows strong revenue growth and asset accumulation, with 0% reported officer compensation across all filings.
EIN: 20681855 · Oakland, CA · NTEE: V30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.2M |
| Total Expenses | $12.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $6.1M |
| Transparency Score | 85/100 |
Is Out & Equal Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Out & Equal directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Out & Equal
Out & Equal (EIN: 20681855) is a nonprofit organization based in Oakland, CA, classified under NTEE code V30. The organization reported total revenue of $15.2M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Out & Equal's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Out & Equal is a large nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.0M |
| Total Expenses | $12.0M |
| Surplus / Deficit | $-10,397 |
| Total Assets | $13.3M |
| Total Liabilities | $7.2M |
| Net Assets | $6.1M |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 54.3% |
| Months of Reserves | 13.3 months |
Financial Health Grade: C
In 2023, Out & Equal reported a deficit of $10K with expenses exceeding revenue, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 54.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Out & Equal's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.5% | +104.3% | +13.0% |
| 2022 | -6.4% | +44.2% | +31.1% |
| 2021 | +13.7% | -44.5% | +137.1% |
| 2020 | +728.1% | +245.7% | -29.7% |
| 2019 | -89.2% | -70.4% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Out & Equal 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, Out & Equal 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.3%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization with revenues reaching over $11 million. This could indicate that compensation for key executives is either not taken, reported under different categories, or paid by a related entity, which warrants further investigation for complete 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 Out & Equal's IRS 990 filings:
- Consistent 0% reported officer compensation, which is highly unusual for an organization of this size and revenue, potentially obscuring executive remuneration details.
- Slight deficit in 2023 where expenses ($11,976,207) marginally exceeded revenue ($11,965,810), though minor, warrants monitoring.
Strengths
The following positive indicators were identified for Out & Equal:
- Strong and consistent revenue growth, from $796,426 in 2019 to $11,965,810 in 2023, indicating robust financial support.
- Healthy growth in net assets, from $2,275,936 in 2014 to $13,310,472 in 2023, demonstrating financial stability and resource accumulation.
- Generally good financial management with expenses largely aligned with revenue, indicating funds are being utilized for operations.
- Positive asset-to-liability ratio, with assets consistently exceeding liabilities, suggesting good financial health and solvency.
Frequently Asked Questions about Out & Equal
Is Out & Equal a legitimate charity?
Out & Equal (EIN: 20681855) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $15.2M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Out & Equal spend its money?
Out & Equal directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Out & Equal tax-deductible?
Out & Equal is registered as a tax-exempt nonprofit (EIN: 20681855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Out & Equal CEO make?
Out & Equal's highest-compensated officer earns $11 annually. The organization reported $15.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Out & Equal's spending goes to programs?
Out & Equal directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Out & Equal compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Out & Equal is above average for NTEE category V30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Out & Equal located?
Out & Equal is headquartered in Oakland, California and files with the IRS under EIN 20681855. It is classified under NTEE code V30.
How many years of IRS 990 filings does Out & Equal have?
Out & Equal 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 $15.2M in total revenue.
How does Out & Equal manage to report 0% officer compensation despite its significant size and revenue?
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization with revenues exceeding $11 million. This could imply that compensation for key executives is either not taken, reported under different categories (e.g., as general salaries), or paid by a related entity. Further clarification from the organization would be needed to understand this reporting practice.
What caused the significant revenue increase from $796,426 in 2019 to $6,595,118 in 2020 and subsequent growth?
The dramatic increase in revenue from $796,426 in 2019 to $6,595,118 in 2020, and continued growth to $11,965,810 in 2023, suggests a major expansion in funding sources, successful fundraising campaigns, or new program initiatives. Understanding the specific drivers behind this growth would provide insight into the organization's strategic development.
What is the breakdown of program spending given the NTEE code V30 (Civil Rights, Social Action, Advocacy)?
Given the NTEE code V30, a detailed breakdown of program spending would clarify how funds are allocated across specific civil rights, social action, and advocacy initiatives. This would help assess the direct impact and effectiveness of their core mission activities.
Filing History
IRS 990 filing history for Out & Equal showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Out & Equal's revenue has grown by 182.8%, moving from $4.2M to $12.0M. Total assets increased by 1037.7% over the same period, from $1.2M to $13.3M. Total functional expenses rose by 194%, from $4.1M to $12.0M. In its most recent filing year (2023), Out & Equal reported a deficit of $10K, with expenses exceeding revenue. The organization holds $7.2M in liabilities against $13.3M in assets (debt-to-asset ratio: 54.3%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.0M | $12.0M | $13.3M | $7.2M | — | View 990 |
| 2022 | $7.0M | $5.9M | $11.8M | $5.7M | — | View 990 |
| 2021 | $7.5M | $4.1M | $9.0M | $4.1M | — | View 990 |
| 2020 | $6.6M | $7.3M | $3.8M | $2.3M | — | View 990 |
| 2019 | $796K | $2.1M | $5.4M | $3.1M | — | View 990 |
| 2018 | $7.4M | $7.2M | $4.6M | $1.1M | — | View 990 |
| 2017 | $6.7M | $6.4M | $4.3M | $938K | — | View 990 |
| 2016 | $6.3M | $5.5M | $3.8M | $722K | — | View 990 |
| 2015 | $5.7M | $5.1M | $2.8M | $486K | — | View 990 |
| 2014 | $5.9M | $5.5M | $2.3M | $611K | — | View 990 |
| 2013 | $4.6M | $4.4M | $1.7M | $498K | — | View 990 |
| 2012 | $5.3M | $5.4M | $1.8M | $804K | — | View 990 |
| 2011 | $4.8M | $4.6M | $1.3M | $276K | — | View 990 |
| 2010 | $4.2M | $4.1M | $1.2M | $281K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.0M, expenses of $12.0M, and assets of $13.3M (revenue +70.5% year-over-year).
- 2022: Revenue of $7.0M, expenses of $5.9M, and assets of $11.8M (revenue -6.4% year-over-year).
- 2021: Revenue of $7.5M, expenses of $4.1M, and assets of $9.0M (revenue +13.7% year-over-year).
- 2020: Revenue of $6.6M, expenses of $7.3M, and assets of $3.8M (revenue +728.1% year-over-year).
- 2019: Revenue of $796K, expenses of $2.1M, and assets of $5.4M (revenue -89.2% year-over-year).
- 2018: Revenue of $7.4M, expenses of $7.2M, and assets of $4.6M (revenue +9.6% year-over-year).
- 2017: Revenue of $6.7M, expenses of $6.4M, and assets of $4.3M (revenue +6.8% year-over-year).
- 2016: Revenue of $6.3M, expenses of $5.5M, and assets of $3.8M (revenue +9.7% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.1M, and assets of $2.8M (revenue -3.2% year-over-year).
- 2014: Revenue of $5.9M, expenses of $5.5M, and assets of $2.3M (revenue +29.9% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.4M, and assets of $1.7M (revenue -13.6% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.4M, and assets of $1.8M (revenue +10.8% year-over-year).
- 2011: Revenue of $4.8M, expenses of $4.6M, and assets of $1.3M (revenue +12.6% year-over-year).
- 2010: Revenue of $4.2M, expenses of $4.1M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Out & Equal:
Data Sources and Methodology
This transparency report for Out & Equal 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.