Impact Initiatives Inc

Analysis

Impact Initiatives Inc is a registered charity in United States, based in Margate, FL. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Impact Initiatives Inc reported income of $143k and spending of $463k, spending 322% of what it took in. The sharpest change came in the year to December 2023, when income rose by 445%. Over the whole period it spent 287% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Impact Initiatives Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include American Friends of Leah Synagogue Inc ($143k), Teyuna Foundation ($143k) and Elijah Cummings Youth Program in Israel Inc ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $605k against liabilities of $10k, net assets of $595k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.