Impactstory

Analysis

Impactstory is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Impactstory reported income of $3.5m and spending of $3.7m, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $821k to $3.5m (+332%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 163%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impactstory sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Saint Patricks School Inc ($3.5m), The One Unmah Foundation in Memory of Nabil and Mustafa Rahman ($3.5m) and Nantucket Project Academy Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $1.1m (30% of expenses). At year end it held assets of $1.9m against liabilities of $2.0m, net assets of -$127k. It reported 7 employees.