Impact Community Development Corporation

Analysis

Impact Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Impact Community Development Corporation reported income of $1.3m and spending of $944k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $526k to $1.3m (+145%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 90% 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 80th percentile within PA. Charities of a similar size with the same main cause include Community Lodgings Inc ($1.3m), Family Promise of Essex County Inc ($1.3m) and Ebenezer Development Corporation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $638k. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $586k. It reported 40 employees.