Impact Cubed

Analysis

Impact Cubed is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Impact Cubed reported income of $884k and spending of $1.0m, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $884k (-39%), an average of -12% a year. The sharpest change came in the year to September 2022, when income rose by 262%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact Cubed 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Homemaker-Home Health Aide Service of Beaver County Inc ($884k), Fifth Circuit Public Guardian Corporation ($884k) and Fair Lawn Community Center Inc ($884k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Other salaries and wages came to $48. At year end it held assets of $1.5m against liabilities of $75k, net assets of $1.5m.