Impact Africa Network Inc

Analysis

Impact Africa Network Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Africa Network Inc reported income of $738k and spending of $571k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $463k to $738k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact Africa Network Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include U Care Inc ($737k), Wyoming Womens Business Center ($738k) and For-M Foundation Inc ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $383k against liabilities of $5,313, net assets of $377k.