Life Impact Inc

Analysis

Life Impact Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Life Impact Inc reported income of $1.3m and spending of $605k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.6m to $1.3m (-17%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Impact Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include League for the Handicapped Inc ($1.3m), Maot Chitim of Greater Chicago Inc ($1.3m) and Frontier Medical Home Care Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $88k. At year end it held assets of $840k against liabilities of $0, net assets of $840k. It reported 4 employees.