Impact Society Inc

Analysis

Impact Society Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 Society Inc reported income of $59k and spending of $71k, spending 121% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $206k to $59k (-72%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Impact Society Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Washington Township Youth Association Inc ($59k), Center for Community Arts ($59k) and Mountain View Los Altos Girls Softball League ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.