Impactassets Inc

Analysis

Impactassets Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in April 2009, 17 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 (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, Impactassets Inc reported income of $866.5m and spending of $288.8m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $734.8m to $866.5m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impactassets Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MD. Charities of a similar size with the same main cause include Dechomai Asset Trust ($837.0m), Greater Horizons ($890.4m) and Charities Aid Foundation America ($816.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $660k (0.2% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $2.93bn against liabilities of $85.5m, net assets of $2.84bn. It reported 40 employees.