Project Equity is a 501(c)(3) organization based in Oakland, California, registered in 2021, with $8,254,336 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$8.3M
▲ 3315.1% vs prior year
Community median: $184K
Expenses (FY2024)
$1.9M
Net assets
$9.6M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Project Equity— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Project Equity: 61 mo reserves · +77% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Project Equity— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Project Equity: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.2M (FY2021) to $8.3M (FY2024) across 4 reported years.
Financial snapshot
Operating margin
77.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$15.8M
Total liabilities
$6.1M
Net assets
$9.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,254,336▲3315% | $1,901,872▲763% | $9,617,580▲278% | $15,756,924▲220% | 990 |
| 2023 | $241,700▼86.3% | $220,376▲210% | $2,546,713▼5.5% | $4,927,054▲2.4% | 990 |
| 2022 | $1,764,799▲48.7% | $71,001▲427% | $2,695,610▲130% | $4,810,090▲181% | 990 |
| 2021 | $1,187,007 | $13,462 | $1,173,545 | $1,709,037 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
7 grants to Project Equity totaling $1.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Silicon Valley Community Foundation | Community development | 2024 | $250,000 |
| Community Foundation of New Jersey | Community programs & grassroots movements | 2024 | $50,000 |
| Impactassets Inc | General support | 2024 | $38,000 |
| Multiplier | Expand employee business ownership | 2024 | $10,000 |
| Multiplier | To support organization's mission to strengthen small businesses and lift up low-wage workers... and communities of color through the power of employee ownership | 2021 | $1,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,000 |
Explore more
Data for Project Equity (EIN 86-2938689) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.