Impact Charitable

Analysis

Impact Charitable is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 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, Impact Charitable reported income of $17.4m and spending of $13.7m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $17.4m (+7752%), an average of +198% a year. The sharpest change came in the year to December 2020, when income rose by 6730%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact Charitable sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Grand Haven Area Community Foundation Inc ($17.3m), Fore Kids Foundation Inc ($17.4m) and Virginia Institute of Autism Incorporated ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $230k (1.7% of expenses). Other salaries and wages came to $709k. At year end it held assets of $26.5m against liabilities of $15.7m, net assets of $10.8m. It reported 15 employees.