Impact 21 Community Development Corporation

Analysis

Impact 21 Community Development Corporation is a registered charity in United States, based in Rahway, NJ. It received its IRS tax-exemption ruling in July 2000, 26 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 December 2023, Impact 21 Community Development Corporation reported income of $387k and spending of $414k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $456k to $387k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact 21 Community Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Norcal Spinal Cord Injury Foundatio ($387k), Explorer Post 247 Inc ($387k) and Project One Day ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Other salaries and wages came to $218k. At year end it held assets of $84k against liabilities of $33k, net assets of $51k. It reported 19 employees.