Equitable Facilities Fund Inc
228 Park Avenue South Suite 61633, New York, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $134,913,992 | $51,702,521 | $476,485,591 |
| FY2023 | $73,775,771 | $31,779,216 | $391,998,652 |
| FY2022 | $109,581,682 | $24,559,398 | $347,201,491 |
| FY2021 | $34,535,002 | $14,997,159 | $263,609,042 |
| FY2020 | $48,316,179 | $9,571,763 | $242,310,956 |
| FY2019 | $11,350,422 | $4,954,431 | $206,161,542 |
| FY2018 | $53,565,147 | $1,585,601 | $203,955,712 |
Form 990 filings
The returns filed by Equitable Facilities Fund Inc (EIN 82-2351889), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $68,162,500 | 51% |
| Program service revenue | $55,330,236 | 41% |
| Other revenue | $11,421,256 | 8% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $49,014,582 | 95% |
| Management & general | $2,178,916 | 4% |
| Fundraising | $509,023 | 1% |
What the numbers show
- Contributions & grants made up 51% of total revenue in FY2024.
- Program services accounted for 95% of functional expenses, management & general 4%, and fundraising 1%.
- 95% of functional expenses went to program services in FY2024. That is higher than 91.5% of 412 Education organizations in NY.
- Net assets covered about 110.6 months of expenses at the end of the reporting year. That puts it in the 87th percentile among 4118 Education organizations in NY.
- Total revenue was higher than 98.3% of 4244 Education organizations in NY.
- Total revenue rose from $53,565,147 in FY2018 to $134,913,992 in FY2024. Revenue increased in 3 and decreased in 3 of 6 year-over-year comparisons.
- Revenue covered expenses in each of the 7 reported years, FY2018 to FY2024.
- Net assets grew from $203,955,712 to $476,485,591 between FY2018 and FY2024.
- Contributions and grants made up 96% of revenue in FY2018 and 51% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS.
IRS status
| Ruling year | 2018 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B11 — Education (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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