Equitas Academy

Legal name: Equitas Academy Charter School

Nonprofit profile at a glance

EIN
262439216
IRS 990 coverage
2011–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Los Angeles, CA, USA
Phone
(213) 201-0440
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$50,836,462
Expenses
$46,304,209
Assets
$116,166,280
Liabilities
$90,833,698

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • SOFIA RODITTI (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SOFIA RODITTI (CHIEF EXECUTIVE OFFICER): $406,258 total reported compensation
  • ROBERT SPENCER (CHIEF SCHOOLS OFFICER): $266,144 total reported compensation
  • JASON RUDOLPH (COO AND GENERAL COUNSEL): $250,696 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Equitas Academy prepares students for success in college, careers, and life through a supportive, community-based, and family-focused charter school model.

What it reported doing in 2024

Equitas academy provides a structured, achievement based community that prepers k-8 students to graduate from college-preparatory high schools, four-year colleges, and universities. The organization operates 6 charter schools serving over 2,100 students.

Operating model

Revenue model
Grant-funded. 98% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.9%; rating input score 75
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: $4,748.82 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.9%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 2.51; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.78; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 3.9%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 18.1% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 16.3% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 26.2% per year; rating input score 100; 96th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 74.9% of revenue deployed · 82.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $38M in reported program spending
  • Leadership: top reported pay $406K · 16 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.1M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.