Social Impact Commons Inc

Analysis

Social Impact Commons Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Social Impact Commons Inc reported income of $2.0m and spending of $1.1m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $568k to $2.0m (+244%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Social Impact Commons Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Women in Ophthalmology Inc ($2.0m), Lighthouse Pregnancy Resource Center Inc ($2.0m) and Greater Mercer Transportation Management Association Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $484k (43% of expenses). Other salaries and wages came to $128k. At year end it held assets of $1.8m against liabilities of $23k, net assets of $1.8m. It reported 4 employees.