Impactdmv Inc

Analysis

Impactdmv Inc is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in April 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impactdmv Inc reported income of $173k and spending of $179k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $46k to $173k (+276%), an average of +94% a year. The sharpest change came in the year to December 2022, when income rose by 238%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Impactdmv Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Lawrence Swim Team Inc ($173k), Bellepoint Youth Athletics Inc ($173k) and Youth Foundation of Virginia Beach Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (14% of expenses). At year end it held assets of $25k against liabilities of $3,438, net assets of $22k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.