Impact University

Analysis

Impact University is a registered charity in United States, based in Clemmons, NC. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Impact University reported income of $154k and spending of $133k, spending 87% of its income. Across the 3 years on record, from July 2022 to July 2024, income fell from $165k to $154k (-6.6%), an average of -3.3% a year. The sharpest change came in the year to July 2024, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact University sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Illinois Association for the Education of Young Children ($154k), Friends of Greenwood Public Library Inc ($154k) and Friends of Public Education Inc ($154k).

On its Form 990-EZ for the period ending July 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $74k against liabilities of $1,417, net assets of $73k.