Silver Impact Inc

Analysis

Silver Impact Inc is a registered charity in United States, based in Lauderhill, FL. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 September 2023, Silver Impact Inc reported income of $457k and spending of $311k, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $302k to $457k (+52%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 56%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver Impact Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Willoughby South High Boosters Club ($457k), Montessori Education Center of Hawaii Inc ($457k) and Stony Glen Camp ($457k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (21% of expenses). Other salaries and wages came to $94k. At year end it held assets of $361k against liabilities of $17k, net assets of $344k. It reported 18 employees.