Not Impossible Foundation Inc

Analysis

Not Impossible Foundation Inc is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Not Impossible Foundation Inc reported income of $444k and spending of $401k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $725k to $444k (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Not Impossible Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Lewisite Inc ($444k), Lanai Kinaole Inc ($445k) and Trilogy Recovery Community ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.