Impact of the Piedmont Inc

Analysis

Impact of the Piedmont Inc is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Impact of the Piedmont Inc reported income of $1.9m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $928k to $1.9m (+105%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact of the Piedmont Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Man Up and Go ($1.9m), Nonviolence Institute ($1.9m) and Well Outreach ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $69k (3.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.2m against liabilities of $203k, net assets of $1.0m. It reported 32 employees.