Impact Network

Analysis

Impact Network is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Network reported income of $1.1m and spending of $948k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $766k to $1.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Impact Network sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Malaria Partners International ($1.1m), Makor Chaim USA Inc ($1.1m) and Projects for Haiti Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $75k (7.9% of expenses). Other salaries and wages came to $149k. At year end it held assets of $528k against liabilities of $31k, net assets of $497k. It reported 4 employees.