Social Impact Fund

Analysis

Social Impact Fund is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Social Impact Fund reported income of $10.3m and spending of $13.5m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $10.3m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Impact Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Wayne County Community Foundation ($10.3m), Valero Energy Foundation ($10.3m) and United Way Fox Cities Inc ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $199k (1.5% of expenses). Other salaries and wages came to $55k. At year end it held assets of $7.7m against liabilities of $235k, net assets of $7.5m. It reported 3 employees.