Impact Housing Development Ltd

Analysis

Impact Housing Development Ltd is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Housing Development Ltd reported income of $882k and spending of $937k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $882k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact Housing Development Ltd sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Bowie Interfaith Pantry and Emergency Aid Fund Inc ($882k), Great Old Broads for Wilderness ($883k) and Spa Area Independent Living Services Inc ($882k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $130k. At year end it held assets of $2.5m against liabilities of $3.7m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.