New Impact

Analysis

New Impact is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2021, 5 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 December 2023, New Impact reported income of $314k and spending of $313k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $388k to $314k (-19%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Impact sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Leadership Council for Nonprofits ($314k), Redstone Foundation ($314k) and Berkeley Bayit Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Other salaries and wages came to $206k. At year end it held assets of $40k against liabilities of $14k, net assets of $26k. It reported 4 employees.