Impact 100-Owensboro Inc

Analysis

Impact 100-Owensboro Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in March 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impact 100-Owensboro Inc reported income of $303k and spending of $294k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $362k to $303k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 88% 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 100-Owensboro Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include First Responder Ministry of North Carolina Inc ($303k), Miss Tennessee Scholarship Competition Foundation Inc ($303k) and Sierra View Foundation ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $904k against liabilities of $432k, net assets of $472k.