Impact Network Inc

Analysis

Impact Network Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2011, 15 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 Network Inc reported income of $7.2m and spending of $9.8m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $7.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Impact Network Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Vision Baptist Missions Inc ($7.2m), Libitzky Family Foundation ($7.2m) and Wisconsin Foundation United Church of Christ Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Other salaries and wages came to $988k. At year end it held assets of $14.6m against liabilities of $14.6m, net assets of $0. It reported 13 employees.