New Impact Fund

Analysis

New Impact Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2014, 12 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, New Impact Fund reported income of $950k and spending of $374k, leaving 61% of income unspent that year. The sharpest change came in the year to December 2021, when income rose by 636%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Impact Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Restore a Child Inc ($949k), Marshfield Area United Way ($950k) and Donors of Color Network Inc ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $149k (40% of expenses). At year end it held assets of $1.3m against liabilities of $5,110, net assets of $1.3m. It reported 1 employees.