Impact Academy of Tallahassee Inc

Analysis

Impact Academy of Tallahassee Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Academy of Tallahassee Inc reported income of $880k and spending of $894k, spending 102% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $939k to $880k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact Academy of Tallahassee Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Emmanuel Christian School ($879k), Bais Yaakov Girls High School of Minneapolis ($880k) and Franciscan Properties Incorporated ($879k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $42k (4.7% of expenses). Other salaries and wages came to $460k. At year end it held assets of $716k against liabilities of $533k, net assets of $182k. It reported 43 employees.