Impact Ventures Accelerator

Analysis

Impact Ventures Accelerator is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Ventures Accelerator reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $757k to $1.1m (+46%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact Ventures Accelerator sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Fortis Academy Incorporated ($1.1m), Fayetteville Public Education Foundation Inc ($1.1m) and Calhoun Education Foundation Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $152k (14% of expenses). Other salaries and wages came to $365k. At year end it held assets of $1.4m against liabilities of $551k, net assets of $837k. It reported 8 employees.