Impact Ministries of Myrtle Beach

Analysis

Impact Ministries of Myrtle Beach is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries of Myrtle Beach reported income of $420k and spending of $371k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $420k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Impact Ministries of Myrtle Beach sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Narrow Gate Horse Ranch Incorporated ($420k), Jabbock Ministries Inc ($420k) and Connecticut Sikh Association Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.5m against liabilities of $685k, net assets of $805k. It reported 7 employees.