City Impact

Analysis

City Impact is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 July 2024, City Impact reported income of $745k and spending of $1.1m, spending 145% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income fell from $1.3m to $745k (-43%), an average of -11% a year. The sharpest change came in the year to July 2021, when income rose by 34%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Impact sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include Downtown Lynchburg Association ($744k), Downtown Arlington Management Corporation ($745k) and Downtown Hampton Development Partnership Inc ($743k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 87% and program service revenue 2.8% of the total. Other salaries and wages came to $414k. At year end it held assets of $3.9m against liabilities of $864k, net assets of $3.0m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.