Impower Inc

Analysis

Impower Inc is a registered charity in United States, based in Longwood, FL. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Impower Inc reported income of $10.9m and spending of $10.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $10.9m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impower Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include National Board of Examiners in Optometry ($10.9m), Community Living Alternatives Corporation ($10.9m) and Family Values at Work a Multi-State Consortium ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $715k (6.9% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $6.3m against liabilities of $633k, net assets of $5.7m. It reported 207 employees.