Impact Community Development Corporation

Analysis

Impact Community Development Corporation is a registered charity in United States, based in Rockaway, NJ. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impact Community Development Corporation reported income of $1.3m and spending of $553k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $1.3m (+1452%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 132985%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Impact Community Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Region IV Inc ($1.3m), Emeryville Senior Housing Inc ($1.3m) and Lucys Hearth ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $2.1m against liabilities of $2.7m, net assets of -$541k. It reported 1 employees.