Impact Community Center

Analysis

Impact Community Center is a registered charity in United States, based in Bluff City, TN. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, 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, Impact Community Center reported income of $586k and spending of $698k, spending 119% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $465k to $586k (+26%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 410%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact Community Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Sustainable Farming Association of Minnesota ($586k), Community Health and Home Care Inc ($586k) and Charles H Farnsworth Housing Corporation ($586k).

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 $396k. At year end it held assets of $2.7m against liabilities of $4,524, net assets of $2.7m. It reported 12 employees.