Greater Impact Inc

Analysis

Greater Impact Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Greater Impact Inc reported income of $368k and spending of $242k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $368k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Impact Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Lakewood Sports Booster Club ($368k), Piaa Foundation ($368k) and 826 New Orleans ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $58k (24% of expenses). Other salaries and wages came to $52k. At year end it held assets of $153k against liabilities of $3,188, net assets of $150k. It reported 27 employees.