Impacto Ministry Inc

Analysis

Impacto Ministry Inc is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Impacto Ministry Inc reported income of $1.1m and spending of $936k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-11%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Impacto Ministry Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Emmanuel Chin Baptist Church ($1.1m), Seekers Point Ministry ($1.1m) and North American Values Institute Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $827k against liabilities of $5,304, net assets of $822k.