Lets Equip INC EIN 84-4229241

Lets Equip INC

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Equips believers with tools, training, and teaching for ministry. For fiscal year 2025 it reported $407K in revenue, $295K in expenses, and $350K in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Human Services
Location
McKinney, TX
Website
www.letsequip.com
Filings
5 on file (2020–2025)
Revenue
$407KFY2025
Expenses
$295K
Net assets
$350K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-4229241 Public charity (501(c)(3)) McKinney, TX Founded 2020
Form 990 (PDF)
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Size
$100K–1M
What they do
Equips believers with tools, training, and teaching for ministry.
Leadership
Allen Parr · Director
Money in and out
$407K revenue, $295K expenses
Bottom line
98% program efficiency
Where the money goes · FY2025
Total revenue
$407K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$350K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate▲ +14% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ +83% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$407K
FY2025▲ +14%
Expenses
$295K
FY2025▼ -3%
Total assets
$362K
FY2025▲ +48%
Total liabilities
$12K
FY2025
Total revenue
$407K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$350K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$362K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $290K of program spending, described in the organization's own filed words · FY2025.
01

The beat by allen parr experienced significant digital growth and outreach in 2025, gaining more than 74,000 new subscribers throughout the year. The channel also generated approximately 18.9 million views, allowing biblical teaching, apologetics content, and discipleship resources to reach millions of people worldwide through free…

$146Kprogram expense
02

In 2025, lets equip continued expanding its online discipleship and biblical education initiatives through its faith school and bible lab coaching programs. A total of 271 students enrolled in faith school and 306 students participated in bible lab, equipping hundreds of belivers with practical training in spiritual growth, bible study…

$145Kprogram expense
03

Throughout 2025, lets equip expanded its reach by providing free biblical resources designed to strengthen discipleship and biblical literacy, including webinars, ebooks, and online teaching content accessible to believers around the world.

$116program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLets Equip INC
EINHdr · item D84-4229241
Principal addressHdr · item CMcKinney, TX
WebsiteHdr · item Jwww.letsequip.com
Year of formationHdr · item L2020
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFNov 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$180K · 44%
Program service revenue$153K · 38%
Contributions & grants$74K · 18%
Other revenue44%$180K
Program service revenue38%$153K
Contributions & grants18%$74K
Total revenueLn 12$407K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$290K
Management & general2%$4K
Total functional expensesLn 25$295K

Balance Sheet

Part X · end of year
CashLn 1$263K
Total assetsLn 16$362K
Total liabilitiesLn 26$12K
Total net assetsLn 32$350K
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $263K · Operating expenses/yr $295K
10.7 months
Where the money goes
Program services
Program services $290K · Total expenses $295K
98%
Management & General
Management & general $4K · Total expenses $295K
2%
Fundraising
Fundraising $0 · Total expenses $295K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $241K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $74K · Total revenue $407K
18%
Government reliance
Government grants — · Total revenue $407K
Earned-income share
Program service revenue $153K · Total revenue $407K
38%
Investment reliance
Investment income $0 · Total revenue $407K
0%
Program self-sufficiency
Program service revenue $153K · Total expenses $295K
52%
Growth & trend
Revenue growth (YoY)
This year $407K · Prior year $357K
+14%
Revenue CAGR
FY2020 $367K · FY2025 $407K
+2%
Net-asset trend (YoY)
End of year $350K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $407K · Expenses $295K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $362K
Net-asset ratio
Net assets $350K · Total assets $362K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $362K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Allen Parr · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $295K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $295K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$407K revenue · viewing · ⤓ 990 PDF
FY2024$357K revenue · ⤓ 990 PDF
FY2023$462K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$560K revenue · ⤓ 990 PDF
FY2020$367K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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