Impactlife

Analysis

Impactlife is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in September 1975, 51 years ago. 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, Impactlife reported income of $87.1m and spending of $86.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $68.2m to $87.1m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Impactlife sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Trousdale Foundation Inc ($86.3m), Fsy LLC ($87.2m) and St Thomas University Inc ($86.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.2m (1.3% of expenses). Other salaries and wages came to $37.6m. At year end it held assets of $55.9m against liabilities of $10.0m, net assets of $45.9m. It reported 1,113 employees.