Impact Florida Inc

Analysis

Impact Florida Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Florida Inc reported income of $3.1m and spending of $2.7m, spending 87% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.3m to $3.1m (+32%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact Florida Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include International Brotherhood of Teamsters Scholarship Fund ($3.1m), Asia Pacific Educational Foundation ($3.1m) and Childrens Reading Center Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $428k (16% of expenses). Other salaries and wages came to $318k. At year end it held assets of $3.8m against liabilities of $2.1m, net assets of $1.7m. It reported 9 employees.