Impact Educational and Housing Development

Analysis

Impact Educational and Housing Development is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in January 2020, 6 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 Educational and Housing Development reported income of $852k and spending of $308k, leaving 64% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $947k to $852k (-10%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income rose by 469%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact Educational and Housing Development sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within LA. Charities of a similar size with the same main cause include Actuate Boise Inc ($851k), Community Foundation of Will County ($853k) and Adas Cafe ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $672k.