Atlantic Impact

Analysis

Atlantic Impact is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Atlantic Impact reported income of $1.1m and spending of $719k, leaving 33% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $245k to $1.1m (+341%), an average of +45% a year. The sharpest change came in the year to August 2023, when income rose by 136%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlantic Impact sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Fasny Museum of Firefighting ($1.1m), Theatrezone Inc ($1.1m) and Emerson Cultural Center Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $215k. At year end it held assets of $582k against liabilities of $55k, net assets of $527k. It reported 4 employees.