Impact Innovators and Entrepreneurs Foundation

Analysis

Impact Innovators and Entrepreneurs Foundation is a registered charity in United States, based in Morrisville, NC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Innovators and Entrepreneurs Foundation reported income of $1.0m and spending of $635k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $1.0m (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 58% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Impact Innovators and Entrepreneurs Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Center for Religion and Diplomacy Inc ($1.0m), Kupona Foundation ($1.0m) and Prasanthi Trust Inc ($1.0m).

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 $94k (15% of expenses). At year end it held assets of $1.4m against liabilities of $1,078, net assets of $1.4m. It reported 2 employees.