Impact 100 Palm Beach County Inc

Analysis

Impact 100 Palm Beach County Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in November 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 June 2023, Impact 100 Palm Beach County Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $663k to $1.2m (+85%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact 100 Palm Beach County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include New Hope Initiative Inc ($1.2m), Take Stock in Children of Manatee County Inc ($1.2m) and Thielen Foundation Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $45k. At year end it held assets of $1.8m against liabilities of $720k, net assets of $1.1m. It reported 1 employees.