Impact for Equity Inc

Analysis

Impact for Equity Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Impact for Equity Inc reported income of $5.2m and spending of $3.2m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $5.2m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 79% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Impact for Equity Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Black Ambition Opportunity Inc ($5.2m), Disability Rights New Jersey a New Jersey Nonprofit Corporation ($5.2m) and Cybercrime Support Network ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $11.7m against liabilities of $1.0m, net assets of $10.7m. It reported 18 employees.