Community Impact NC Inc

Analysis

Community Impact NC Inc is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in January 1991, 35 years ago. 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 2022, Community Impact NC Inc reported income of $2.7m and spending of $3.2m, spending 120% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.2m to $2.7m (+23%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Impact NC Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Penn-York Opportunities Inc ($2.7m), National Council on Alcoholism and Drug Dependence of Middlesex ($2.7m) and Girls Incorporated of New Hampshire ($2.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $366k. At year end it held assets of -$120k against liabilities of $55k, net assets of -$176k. It reported 7 employees.