Impact Expressions School of the Arts Inc

Analysis

Impact Expressions School of the Arts Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Impact Expressions School of the Arts Inc reported income of $77k and spending of $79k, spending 102% of its income. Across the 2 years on record, from July 2022 to July 2023, income fell from $115k to $77k (-33%), an average of -33% a year. The sharpest change came in the year to July 2023, when income dropped by 33%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Impact Expressions School of the Arts Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Savannah Childrens Choir Inc ($77k), The Horns Project Inc ($77k) and Wabe Foundation Inc ($77k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 73% of the total. At year end it held assets of $787 against liabilities of $0, net assets of $787.