Make an Impact Foundation Inc

Analysis

Make an Impact Foundation Inc is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in February 2011, 15 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 June 2023, Make an Impact Foundation Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Make an Impact Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Springboard Social Enterprises ($1.4m), Burlingame Aquatic Club Inc ($1.4m) and Community First-Americas Charities ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Other salaries and wages came to $105k. At year end it held assets of $561k against liabilities of $206k, net assets of $354k. It reported 2 employees.