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Maryland · Nonprofit

REQUITY FOUNDATION INC

REQUITY FOUNDATION INC (Maryland) receives grants from 16 organizations whose IRS filings report $811,253 to it, the largest being BALTIMORE CHILDREN AND YOUTH FUND INC ($332,886). 8 of them have funded it in more than one year.

Revenue FY2024
$1.1M
Funders on record
16
Grants received
$811k
Net assets
$769k
8/16 repeat funderspeak grant-dependency 87%
01What it does

What Requity Foundation Inc does

Mission

To break down barriers between vocational education and the workforce by preparing students to pursue their dreams and build the future they imagine.

As stated on its FY2024 Form 990.

Programs

  1. Business - business students run requity's fully operational social enterprise, the print & press shop, where students manage real client orders for branded apparel and signage, handling everything from cost analysis and order tracking to fulfillment and vendor coordination. Students learn budgeting, pricing, invoicing, inventory tracking, and customer engagement, giving them experience in entrepreneurship, finance, and leadership - developing the mindset and skills to become confident changemakers and future business leaders.

    $161,684 spent$1,311 earned by the program
    32% of program spending
  2. Construction - our construction program augments existing vocational education with an interdisciplinary, energy-efficient building construction curriculum, designed to bridge the gap between classroom theory and real-world practical experiences through the research, design, renovation, and ultimately ownership transfer. Our signature construction pilot project, carver house, is renovating a vacant rowhouse across from carver vocational technical high school into an affordable net-zero home that will be sold to a student's mother.

    $131,284 spent$7,261 earned by the program
    26% of program spending
  3. Community - the requity foundation is dedicated to empowering students at carver vocational-technical high school and residents of the surrounding rosemont community by providing meaningful opportunities. Requity's goal is to forge sustainable partnerships, foster a renewed sense of community, strengthen infrastructure, and bolster connections to the local economy, all with the aim of ensuring long-term neighborhood stability. The largest communitiy initiative if pleasant presstman, which aims to empower residents by granting them ownership of their neighborhood and amplifying their voice in its development. Requity prioritizes contributing to neighborhood beautification and safety. Through funding and community partnerships, they continue to support various initiatives by providing resources, coordinating volunteer opportunities, and organizing community meetings to ensure residents' voices are heard and they stay informed.

    $80,442 spent$1,300 earned by the program
    16% of program spending
  4. Culinary - the requity foundation equips aspiring chefs and food entrepreneurs with hands-on training in culinary preparation, event budgeting, catering, and other experiences that build both technical expertise and business acumen, preparing young people to thrive in the culinary industry. We provide aspiring chefs and food entrepreneurs with real-world training in menu development, safe food handling, event budgeting, and customer service. Students then apply these skills through 'we all eat wednesdays and our catering socal enterprise, where they deliver meals, execute paid events, and strengthen food access - building their skills and generating community impact along the way.media - students gain hands-on experience in a wide range of creative services, including video production, social media content development, audio storytelling, graphic design, podcast production, and event coverage. Through real-world projects, they amplify community voices while refining their skills in narrative structure, content editing, and storytelling techniques.

    $137,690 spent$1,200 earned by the program
    27% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $511,100.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 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.

100 = 20222022 Revenue 100 ($523k) Expenses 100 ($136k) Net assets 100 ($402k)2023 Revenue 44 ($230k) Expenses 219 ($297k) Net assets 84 ($336k)2024 Revenue 213 ($1.1M) Expenses 515 ($699k) Net assets 191 ($769k)
202220232024
Revenue (213)Expenses (515)Net assets (191)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $337k to $870k (+158%).

$405k
$337k
$870k
202220232024
Total assetsTotal liabilities

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.

2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2022 9% · 2024 56%. Grants only. Government contracts and fees sit inside program revenue.

99% of REQUITY FOUNDATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (60% for the typical peer).

This organization
Typical peer · 4,444 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.

$387k
’22
−$67k
’23
$418k
’24
7.6
months of
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.

Chief executive

Michael Rosenband

Executive director

As listed on its FY2024 Form 990.

202220232024
Listed355
Joined·+2+2
No longer listed·02
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 1 funder to 5 funders, grant income rose $10k → $201k.

6 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 26% 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 REQUITY FOUNDATION INC’s funders (the co-funder graph). 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

REQUITY FOUNDATION INC leans on a few funders — its largest provides 41% of grant income and the top three 58%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

85% 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 REQUITY FOUNDATION INC.

41%
largest funder
58%
top three
~5
effective funders

Largest funder’s share by year: 2021 100% · 2022 30% · 2023 75% — diversifying over time.

“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.

Where its funders are

98% of REQUITY FOUNDATION INC's grant income comes from Maryland funders.

NY
MD
DE

In-state vs out-of-state, by year

’21
’22
’23
Maryland out of state home

Funder states come from each funder’s own filing. $213k arriving through sponsors registered in 6 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.

04Its place in the field

Against its field

REQUITY FOUNDATION INC runs a healthier operating margin than three-quarters of the 4,206 community improvement nonprofits its size.

Operating margin37% · top quartile
Months of reserve7.6mo · above the median
Revenue growth (annualized)46% · top quartile

this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024

Government funding REQUITY FOUNDATION INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $170k on record.

State$170k
Top programs
  • Loan$170k

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 REQUITY FOUNDATION INC

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 Maryland

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

73% of spending goes to programs.

Program 73%Management 17%Fundraising 10%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

MD

Screen this organization

A dated, signed PDF of the compliance screen for REQUITY FOUNDATION INC: 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.

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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 REQUITY FOUNDATION INC?
REQUITY FOUNDATION INC (Maryland) receives grants from 16 organizations whose IRS filings report $811,253 to it, the largest being BALTIMORE CHILDREN AND YOUTH FUND INC ($332,886). 8 of them have funded it in more than one year.
How many funders does REQUITY FOUNDATION INC have?
IRS filings report 16 organizations giving $811,253 in grants to REQUITY FOUNDATION INC, 8 of which have funded it in more than one year.
Who is the largest funder of REQUITY FOUNDATION INC?
BALTIMORE CHILDREN AND YOUTH FUND INC is the largest funder on record, with $332,886 in grants. The full list of funders is on this page.
How can an organization like REQUITY FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. 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 Requity →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 16 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 22, 2026. What this page cannot tell you · view filing