Impact Philanthropy Group

Analysis

Impact Philanthropy Group is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Impact Philanthropy Group reported income of $3.3m and spending of $3.6m, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $821k to $3.3m (+307%), an average of +32% a year. The sharpest change came in the year to December 2019, when income rose by 108%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Impact Philanthropy Group sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Colorado Wheat Research Foundation Inc ($3.3m), Summit Academy Secondary School - Parma ($3.3m) and Alamance Community College Foundation Inc ($3.3m).

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 $244k (6.8% of expenses). At year end it held assets of $2.3m against liabilities of $2.5m, net assets of -$266k. It reported 20 employees.