Inpact Inc

Analysis

Inpact Inc is a registered charity in United States, based in Crown Point, IN. It received its IRS tax-exemption ruling in June 1980, 46 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 June 2023, Inpact Inc reported income of $13.0m and spending of $15.1m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.4m to $13.0m (+14%), an average of +3.4% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inpact Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Plus Co Inc ($13.0m), American Schools Abroad Inc ($13.0m) and Make-A-Wish Foundation of Illinois Inc ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $357k (2.4% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $9.1m against liabilities of $1.2m, net assets of $7.8m. It reported 432 employees.