Impact 100 of the Greater Chesapeake Inc

Analysis

Impact 100 of the Greater Chesapeake Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 100 of the Greater Chesapeake Inc reported income of $97k and spending of $82k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $97k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact 100 of the Greater Chesapeake Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Blowing Rock Community Foundation Inc ($97k), Dunedin Rotary Club Foundation Inc ($97k) and Central Coast State Veterans Cemetary Non Profit Corporation ($97k).

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 $117k against liabilities of $0, net assets of $117k.