Impact Guild Inc

Analysis

Impact Guild Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Impact Guild Inc reported income of $100k and spending of $240k, spending 241% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $355k to $100k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Impact Guild Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Kalamazoo Childrens Chorus ($100k), 1901 Church ($100k) and Peace Drums USA Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.