Impacting Tomorrow Incorporated

Analysis

Impacting Tomorrow Incorporated is a registered charity in United States, based in Loveland, OH. It received its IRS tax-exemption ruling in June 2022, 4 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, Impacting Tomorrow Incorporated reported income of $1.8m and spending of $956k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $901k to $1.8m (+103%), an average of +103% a year. The sharpest change came in the year to June 2023, when income rose by 103%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impacting Tomorrow Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Hospice ($1.8m), Yad Chessed Fund Inc ($1.8m) and Graceway Ministries ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $117k. At year end it held assets of $1.9m against liabilities of $6,218, net assets of $1.9m. It reported 2 employees.