Community Impact Corporation

Analysis

Community Impact Corporation is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Community Impact Corporation reported income of $190k and spending of $194k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $206k to $190k (-7.6%), an average of -7.6% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Impact Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Santa Barbara County Food Action Network ($190k), Community Access Naperville Inc ($191k) and Hope Made Real ($190k).

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 $31k against liabilities of $0, net assets of $31k.