Community Impact Fund

Analysis

Community Impact Fund is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Impact Fund reported income of $1.6m and spending of $1.1m, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $593k to $1.6m (+167%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Impact Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Social Venture Partners Portland ($1.6m), Keren Gemilas Chasodim Foundation Greater Lakewood Health Initiative ($1.6m) and Highland Park Community Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $127k (11% of expenses). Other salaries and wages came to $144k. At year end it held assets of $2.0m against liabilities of $3,278, net assets of $2.0m. It reported 5 employees.