Impact Academy School Inc

Analysis

Impact Academy School Inc is a registered charity in United States, based in Seffner, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Impact Academy School Inc reported income of $1.2m and spending of $1.4m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+4.0%), an average of +1.0% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact Academy School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Happy Hollow Christian Academy Inc ($1.2m), A Tavola Together Foundation ($1.2m) and Threshold Community Program Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $208k (15% of expenses). Other salaries and wages came to $575k. At year end it held assets of $2.3m against liabilities of $609k, net assets of $1.7m. It reported 44 employees.