Impact FC Inc

Analysis

Impact FC Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Impact FC Inc reported income of $230k and spending of $227k, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $150k to $230k (+53%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Impact FC Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Fergus Falls Area Youth Activities Inc ($230k), Sarpy County Swim Club Inc ($230k) and Fitzpatrick Collaborative Inc ($230k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $47k (21% of expenses). Other salaries and wages came to $25k. At year end it held assets of $56k against liabilities of $1,189, net assets of $55k. It reported 2 employees.