Impact Foundation

Analysis

Impact Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation reported income of $3.9m and spending of $2.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.9m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ND. Charities of a similar size with the same main cause include Community Foundation of NC East Inc ($3.9m), Trilith Foundation Inc ($3.9m) and Bay Area Community Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $130k (5.1% of expenses). Other salaries and wages came to $367k. At year end it held assets of $7.4m against liabilities of $508k, net assets of $6.9m. It reported 6 employees.