Impact Hub

Analysis

Impact Hub is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in November 2017, 9 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 December 2023, Impact Hub reported income of $747k and spending of $689k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $747k to $747k (+0.0%), an average of +0.0% a year. The sharpest change came in the year to December 2022, when income rose by 437%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact Hub sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Children and Family Services Inc ($747k), Independent Journeys Inc ($747k) and Lake Harriet Community Child Care ($747k).

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 $425k against liabilities of $0, net assets of $425k.