Impact Foundry

Analysis

Impact Foundry is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in July 1994, 32 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 2023, Impact Foundry reported income of $1.2m and spending of $700k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $514k to $1.2m (+125%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Impact Foundry sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Imagine Possibilities Inc ($1.2m), Tarkio College Foundation ($1.2m) and Foundation for Applied Construction Technology for Students Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $145k (21% of expenses). Other salaries and wages came to $350k. At year end it held assets of $706k against liabilities of $242k, net assets of $464k. It reported 13 employees.