Impact Services Inc

Analysis

Impact Services Inc is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in April 1993, 33 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 (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 Services Inc reported income of $730k and spending of $744k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $730k (+147%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact Services Inc 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 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Common Wealth Inc ($730k), Nonprofit Partnership ($730k) and Virginia Growth and Opportunity Foundation ($730k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $101k (14% of expenses). Other salaries and wages came to $232k. At year end it held assets of $212k against liabilities of $4,994, net assets of $207k. It reported 25 employees.