Resource Impact

Analysis

Resource Impact is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Resource Impact reported income of $3.0m and spending of $1.8m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $874k to $3.0m (+245%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Resource Impact 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 73rd percentile within DC. Charities of a similar size with the same main cause include Little Bitty City Enrichment Center Inc ($3.0m), Metropolitan Arts Institute ($3.0m) and S L Jones Christian Academy Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.3m against liabilities of $78k, net assets of $4.2m.