Community Impact

Analysis

Community Impact is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Community Impact reported income of $2.1m and spending of $1.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.1m (+21%), an average of +4.9% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Impact sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Swimming with a Mission Inc ($2.1m), Southern Nevada Senior Law Program ($2.1m) and Homestead Community Development Corporation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $259k (14% of expenses). Other salaries and wages came to $838k. At year end it held assets of $5.2m against liabilities of $996k, net assets of $4.2m. It reported 154 employees.