Social Impact Properties

Analysis

Social Impact Properties is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in July 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Social Impact Properties reported income of $152k and spending of $119k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $242k to $152k (-37%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Social Impact Properties sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Kiwanis Foundation of Arlington Va ($152k), Racine Revitalization Partnership ($152k) and Good Causes Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 75% of the total. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $96k.