Impact Catering Co

Analysis

Impact Catering Co is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impact Catering Co reported income of $7.5m and spending of $6.2m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $7.5m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact Catering Co sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OK. Charities of a similar size with the same main cause include Friends of Disabled Adults and Children Too Inc ($7.5m), Grand Canyon University Cityserve ($7.5m) and Tarrant County Association for the Blind ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 102% of the total. Compensation of current officers, directors and key employees was $153k (2.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.2m against liabilities of $3.0m, net assets of $5.2m. It reported 147 employees.