Impactbtc Foundation

Analysis

Impactbtc Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Impactbtc Foundation reported income of $287k and spending of $210k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $614k to $287k (-53%), an average of -53% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impactbtc Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Cycladic Art Foundation ($287k), Blue Heron Foundation ($288k) and WFG Foundation Inc ($287k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $203k against liabilities of $237, net assets of $202k.