Impact America

Analysis

Impact America is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Impact America reported income of $2.0m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.0m (-39%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 35%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact America sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Northwest Association of Independent Schools ($2.0m), Woodside School Inc ($2.0m) and Farmington Academy Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (4.9% of expenses). At year end it held assets of $1.1m against liabilities of $315k, net assets of $806k. It reported 67 employees.