Impact Silver Spring

Analysis

Impact Silver Spring is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2023, Impact Silver Spring reported income of $1.3m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 99% 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 Silver Spring sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Grand Vision Foundation ($1.3m), Catherine Violet Hubbard Foundation Inc ($1.3m) and Baxter Park Wilderness Fund TR ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $896k. At year end it held assets of $465k against liabilities of $67k, net assets of $399k. It reported 18 employees.