Two algebraic structures A and B are called categorically equivalent if there is a functor from the variety generated by A to the variety generated by B, carrying A to B, that is an equivalence of the varieties when viewed as categories. We characterize those algebras categorically equivalent to A when A is an algebra whose set of term operations is as large as possible subject to constraints placed on it by the subalgebra or congruence lattice of A, or the automorphism group of A.