Ultimate Impact Inc

Analysis

Ultimate Impact Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Ultimate Impact Inc reported income of $1.1m and spending of $631k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $536k to $1.1m (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 63% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ultimate Impact Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Heart & Soul Npo ($1.1m), Oroville Southside Community Improvement Association Inc ($1.1m) and Entrenuity Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $138k (22% of expenses). Other salaries and wages came to $335k. At year end it held assets of $1.7m against liabilities of $11k, net assets of $1.7m. It reported 30 employees.