Impact 100 Traverse City Inc

Analysis

Impact 100 Traverse City Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 100 Traverse City Inc reported income of $347k and spending of $371k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $453k to $347k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact 100 Traverse City Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Talor Gooch Foundation Inc ($347k), Lifeshare Foundation ($347k) and United Way of Pekin ($347k).

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 $541k against liabilities of $255k, net assets of $285k.