California · Nonprofit
Equalize Health Formerly D-Rev
Equalize Health Formerly D-Rev (California) receives grants from 32 organizations whose IRS filings report $7,948,125 to it, the largest being Silicon Valley Community Foundation ($1,761,800). 19 of them have funded it in more than one year.
- Revenue FY2025
- $12
- Funders on record
- 32
- Grants received
- $7.9M
- Net assets
- $-386921
What Equalize Health Formerly D-Rev does
Mission
Equalize Health believes in a world where we all have access to world-class medical treatment, no matter where we live. Millions of people suffer and die from preventable or treatable conditions simply because they dont have access to the right treatment. Equalize Health is a not-for-profit medical technology company on a mission to change that. We do this by:1) identifying the biggest gaps and opportunities in health care where tech can do the most good,2) designing affordable, world-class medical products that work in the toughest circumstances, 3) partnering with both global and local actors to ensure our products get to those who need them most. We work across the globe, but with a specific focus in regions where health equity gaps are largest, including South Asia and East Africa.
As stated on its FY2025 Form 990.
Programs
On its FY2025 return the organization reported a significant change in how it conducts a program.
On January 10, 2023, Equalize Health (the Assignor), executed a general assignment for the benefit of creditors (ABC) in favor of EH Restructuring LLC, (the Assignee). This action was taken and approved with the authorization and consent of the Assignor's Board of Directors, and it was accepted by the Assignee after efforts to restructure, recapitalize, and combine with a similar entity were unsuccessful.Under the California Code of Civil Procedure as part of the wind-down process for a general assignment, all assets of the Assignor were transferred to the Assignee, an entity formed for the purpose of selling the Assignor's assets and distributing the proceeds to creditors in order of priority under applicable California law.On the effective date of the general assignment, all members of the Assignor's Board of Directors resigned, all employees of the Assignor were terminated, and William R. Brinkman was appointed as a sole manager of the Assignee. The manager of the Assignee is authorized and empowered to manage, review and approve the books, records, tax returns and business affairs of the Assignor.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2025.
Its own explanation, from Schedule O of that return (Part III, line 3).
nCPAP: Secured a groundbreaking partnership with Draeger formed to commercialize FlowLite, increasing its capacity to reach newborns with RDS in the hardest to reach places globally. FlowLite Usability Study in India, spanning 13 locations, 6 states, 37 healthcare facilities, and 108 healthcare stakeholders surrounding usability, use setting, voice of customer, safety, and current standard of care.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2025.
Equalize 2030 Model: We fully implemented our strategy and operating model of "Equalize Health 2030" to partner with local innovators to accelerate global health innovation to where it is needed most to save lives. Partnerships were formed for the First 3 Technologies, namely, with Southern Africa OB-GYN and World-Renowned Postpartum Hemorrhage expert, to launch maternawell tray, a simple innovation that will address the leading cause of maternal mortality.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2025.
Telementoring for healthcare workers in India and Kenya with the aim of strengthening the healthcare systems where our products exist, equalize health partners with local government, NGOs and medical associations to provide digital medical training and professional support to healthcare workers in resource constrained hospitals. By the end of 2022, 2,375 healthcare workers were trained.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2025.
Brilliance: Equalize Health's flagship line of products to manage severe newborn jaundice surpassed treating 1 million babies in late 2020. We partnered with local distributors in East Africa to increase usage of Brilliance in the region, an area where newborn mortality rates are some of the highest in the world. As Brilliance continues to scale via the market, the cost of photo-therapy devices continues to decrease globally.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2025.
Impact assessment: the organization passed the milestone of 1 million averted DALYS in 2021 from patients treated with Equalize Health's devices.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2025.
The 5 programs described on its FY2025 Form 990, listed largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $1.4M to $3.5M (+151%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 32% · 2018 10% · 2019 8% · 2020 6%. Grants only. Government contracts and fees sit inside program revenue.
0% of Equalize Health Formerly D-Rev’s revenue is contributions — more earned-revenue than three-quarters of its peers (89% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base narrowed from 8 funders to 2 funders, grant income fell $467k → $37k.
14 of 32 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 41% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Equalize Health Formerly D-Rev’s funders (the co-funder graph). Top 30 of 32 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Equalize Health Formerly D-Rev has a broad base — no single funder exceeds 22% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
47% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Equalize Health Formerly D-Rev.
Largest funder’s share by year: 2017 32% · 2018 39% · 2019 42% · 2020 51% · 2021 35% · 2022 27% · 2023 68% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
20% of Equalize Health Formerly D-Rev's funders are still giving 3 years after their first grant; 59% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
Equalize Health Formerly D-Rev draws 87% of its grant income from funders outside California, across 11 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.3M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Equalize Health Formerly D-Rev's revenue fell 100% between 2017 and 2025.
this organization peer median middle 50% of peers· 479 science & tech nonprofits under $100k, FY2025
Government funding Equalize Health Formerly D-Rev receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $116 on record.
- REFUNDS - GENERAL $116
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Equalize Health Formerly D-Rev
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
0% of spending goes to programs.
Governance
Public support
65%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Equalize Health Formerly D-Rev: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Equalize Health Formerly D-Rev?
- Equalize Health Formerly D-Rev (California) receives grants from 32 organizations whose IRS filings report $7,948,125 to it, the largest being Silicon Valley Community Foundation ($1,761,800). 19 of them have funded it in more than one year.
- How many funders does Equalize Health Formerly D-Rev have?
- IRS filings report 32 organizations giving $7,948,125 in grants to Equalize Health Formerly D-Rev, 19 of which have funded it in more than one year.
- Who is the largest funder of Equalize Health Formerly D-Rev?
- Silicon Valley Community Foundation is the largest funder on record, with $1,761,800 in grants. The full list of funders is on this page.
- How can an organization like Equalize Health Formerly D-Rev find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Equalize Health Formerly D-Rev →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 32 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing