Local Impact

Analysis

Local Impact is a registered charity in United States, based in Cedar Springs, MI. It received its IRS tax-exemption ruling in March 2018, 8 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, Local Impact reported income of $551k and spending of $522k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $282k to $551k (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Local Impact sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Hope Center ($551k), Colquitt County Serinity House Project Inc ($551k) and Strausstown Volunteer Fire Company and Community Campus ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. At year end it held assets of $661k against liabilities of $1,168, net assets of $660k. It reported 2 employees.