Impactful Fund

Analysis

Impactful Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impactful Fund reported income of $76k and spending of $424k, spending 559% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $120k to $76k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 933%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Impactful Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Lake Benton Opera House Inc ($76k), Fort Collins Symphony Endowment Fund Inc ($76k) and Glory of Peace and Love ($76k).

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 $406k against liabilities of $1,150, net assets of $405k.