Impact 100 Wichita Falls

Analysis

Impact 100 Wichita Falls is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2024, Impact 100 Wichita Falls reported income of $83k and spending of $115k, spending 139% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $127k to $83k (-35%), an average of -35% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Impact 100 Wichita Falls sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Anti Entropy ($83k), National Institute of Govermental Purchasing Inc ($83k) and Youngstown Rotary Foundation Inc ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.