Convergent Impact Inc

Analysis

Convergent Impact Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 2023, Convergent Impact Inc reported income of $1.8m and spending of $71k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $206k to $1.8m (+795%), an average of +795% a year. The sharpest change came in the year to December 2023, when income rose by 795%. Over the whole period it spent 13% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Convergent Impact 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 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Spark Academy of Advanced Technologies ($1.8m), Putnam County Legal Aid Society Inc ($1.8m) and Special Operators Transition Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. At year end it held assets of $1.8m against liabilities of $5,000, net assets of $1.8m.