Impact Inc

Analysis

Impact Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Impact Inc reported income of $1.4m and spending of $982k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $814k to $1.4m (+72%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Muhlenberg County Opportunity Center Inc ($1.4m), Court-Livingston-Schermerhorn District Management Association ($1.4m) and High Point Community Pride Association ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $480k. At year end it held assets of $742k against liabilities of $270k, net assets of $472k.