Impact Retreat Inc

Analysis

Impact Retreat Inc is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Impact Retreat Inc reported income of $914k and spending of $891k, spending 98% of its income. Across the 6 years on record, from September 2018 to September 2023, income grew from $620k to $914k (+47%), an average of +8.1% a year. The sharpest change came in the year to September 2021, when income rose by 141%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Impact Retreat Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Venezuela Now Inc ($914k), Shemtov Kinder Inc ($915k) and The Refinery Mission ($914k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $109k (12% of expenses). Other salaries and wages came to $96k. At year end it held assets of $734k against liabilities of $3,048, net assets of $731k. It reported 4 employees.