Exponential Impact

Analysis

Exponential Impact is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Exponential Impact reported income of $652k and spending of $592k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $712k to $652k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income rose by 169%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Exponential Impact sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Sharing Inc ($652k), Green Mountain Childrens Center ($652k) and Pennsylvania State Association of County Fairs ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $89k (15% of expenses). Other salaries and wages came to $181k. At year end it held assets of $4.1m against liabilities of $2.2m, net assets of $1.9m. It reported 14 employees.