Impact Seven Incorporated

Analysis

Impact Seven Incorporated is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in August 1996, 30 years ago. 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 Seven Incorporated reported income of $3.2m and spending of $3.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.2m (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Impact Seven Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Center for Common Ground ($3.2m), National Assn of State Mentl Health Prog Directors Research Instit Inc ($3.2m) and Iowa Coalition Against Sexual Assualt ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $20.3m against liabilities of $1.3m, net assets of $19.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.