Collective Impact in New Hanover County Inc

Analysis

Collective Impact in New Hanover County Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Collective Impact in New Hanover County Inc reported income of $2.4m and spending of $2.1m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $822k to $2.4m (+198%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Collective Impact in New Hanover County Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include National Association of Hispanic Journalists ($2.4m), Presbyterian Ear Institute ($2.4m) and Pact an Adoption Alliance ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $253k (12% of expenses). Other salaries and wages came to $862k. At year end it held assets of $4.5m against liabilities of $3.6m, net assets of $895k. It reported 16 employees.