Impact-U Foundation

Analysis

Impact-U Foundation is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in May 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 (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, Impact-U Foundation reported income of $287k and spending of $236k, spending 82% of its income. Across the 3 years on record, from June 2022 to December 2023, income grew from $35k to $287k (+711%), an average of +185% a year. The sharpest change came in the year to December 2023, when income rose by 702%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Impact-U Foundation 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 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Upper Freehold Regional School District Booster Club ($287k), South Carolina Virtual Education Foundation ($287k) and Bixby Spartans Quaterback Club Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $5,842 (2.5% of expenses). It paid $1,100 in professional fundraising fees. At year end it held assets of $119k against liabilities of $785, net assets of $118k.