The Equity Institute is a 501(c)(3) organization based in Providence, Rhode Island, registered in 2019, with $1,466,744 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.5M
▲ 4.9% vs prior year
Education median: $200K
Expenses (FY2024)
$1.5M
Net assets
$1.3M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 The Equity Institute— 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 The Equity Institute: 11 mo reserves · +0% margin earns a A 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 The Equity Institute— 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 The Equity Institute: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $269K (FY2019) to $1.5M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$35K
Net assets
$1.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,466,744▲4.9% | $1,461,864▼8.2% | $1,319,983▲0.4% | $1,354,828▼0.1% | 990 |
| 2023 | $1,397,959▼23.9% | $1,592,844▲11.2% | $1,315,103▼12.9% | $1,356,530▼12.4% | 990 |
| 2022 | $1,836,550▼2.5% | $1,431,996▼6.4% | $1,509,988▲36.6% | $1,548,512▲36.8% | 990 |
| 2021 | $1,884,009▲55.6% | $1,530,661▲122% | $1,105,434▲47.0% | $1,132,249▲46.8% | 990 |
| 2020 | $1,210,745▲350% | $689,542▲1706% | $752,086▲226% | $771,424▲234% | 990 |
| 2019 | $269,063 | $38,180 | $230,883 | $230,883 | 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.
24 grants to The Equity Institute totaling $4.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Edu - educational success (primary) | 2024 | $136,500 |
| Nellie Mae Education Foundation Inc | Capacity building accelerator | 2024 | $100,000 |
| The Rhode Island Community Foundation | Educational success | 2023 | $307,138 |
| Nellie Mae Education Foundation Inc | Supporting organizations led by people of color | 2023 | $102,000 |
| Nellie Mae Education Foundation Inc | Supporting organizations led by people of color | 2023 | $12,000 |
| New Schools Fund | Diverse leaders | 2022 | $250,000 |
| Silicon Valley Community Foundation | Education | 2021 | $800,000 |
| The Rhode Island Community Foundation | Ta to ba; onward: co-creating social change with multilingual language learners families; general support; equity institute | 2021 | $537,000 |
| New Schools Fund | Diverse leaders | 2021 | $250,000 |
| Nellie Mae Education Foundation Inc | Parent power operating support | 2020 | $300,000 |
| Nellie Mae Education Foundation Inc | Edulead fellowship operating support | 2020 | $300,000 |
| Nellie Mae Education Foundation Inc | Advancing community-school partnerships (providence) | 2020 | $120,000 |
| The Rhode Island Community Foundation | Eduleaders of color project | 2020 | $100,000 |
| The Rhode Island Community Foundation | Eduleaders of color project | 2020 | $100,000 |
| The Rhode Island Community Foundation | Building parent power across rhode island | 2020 | $92,000 |
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Data for The Equity Institute (EIN 83-4472785) 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.