Social Impact Partners Inc

Analysis

Social Impact Partners Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in October 2020, 6 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 June 2023, Social Impact Partners Inc reported income of $2.2m and spending of $1.9m, spending 85% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.8m to $2.2m (+25%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Social Impact Partners Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Sharefest Community Development Inc ($2.2m), Consortium for Children ($2.2m) and Meeting Essential Needs with Dignity Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $173k (9.2% of expenses). Other salaries and wages came to $883k. At year end it held assets of $1.4m against liabilities of $25k, net assets of $1.3m. It reported 10 employees.