Impact Services Corp

Analysis

Impact Services Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Services Corp reported income of $13.4m and spending of $13.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $13.4m (+5.5%), an average of +1.4% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact Services Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Flathead Industries ($13.3m), Goodwill Mennonite Home Inc ($13.4m) and Project Access Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $463k (3.4% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $14.6m against liabilities of $11.2m, net assets of $3.4m. It reported 164 employees.