Inner City Impact

Analysis

Inner City Impact is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 March 2024, Inner City Impact reported income of $1.3m and spending of $1.5m, spending 111% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.5m to $1.3m (-14%), an average of -3.6% a year. The sharpest change came in the year to March 2021, when income rose by 51%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Inner City Impact sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Her Resiliency Center ($1.3m), Boys & Girls Club of Tahlequah ($1.3m) and Harvest House of South Buffalo Inc ($1.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $220k (15% of expenses). Other salaries and wages came to $374k. At year end it held assets of $2.8m against liabilities of $92k, net assets of $2.7m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.