Common Impact Inc

Analysis

Common Impact Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Common Impact Inc reported income of $3.7m and spending of $4.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Common Impact Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Livesafe Resources Inc ($3.7m), Reporters Committee for Freedom of the Press ($3.7m) and Habitat for Humanity International Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $711k (18% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.8m against liabilities of $1.3m, net assets of $2.5m. It reported 27 employees.