Impact Evv Inc

Analysis

Impact Evv Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Impact Evv Inc reported income of $1.9m and spending of $537k, leaving 71% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $151k to $1.9m (+1136%), an average of +88% a year. The sharpest change came in the year to September 2023, when income rose by 4416%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact Evv Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Galeo Latino Community Development Fund Inc ($1.9m), National Institute for Metalworking Skills Inc ($1.9m) and Downtown Development Corporation ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. At year end it held assets of $1.7m against liabilities of $29k, net assets of $1.7m.