Impact60 Inc

Analysis

Impact60 Inc is a registered charity in United States, based in Marysville, OH. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Impact60 Inc reported income of $469k and spending of $415k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $469k (+93%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact60 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 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Multitude of Mercies Foundation ($469k), Berkeley Hall Charitable Foundation ($470k) and Black Professional Association Charitable Foundation Inc ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.