Vital Impacts

Analysis

Vital Impacts is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vital Impacts reported income of $714k and spending of $368k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $472k to $714k (+51%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vital Impacts sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within MT. Charities of a similar size with the same main cause include Preble County Development Partnership ($713k), Keystone Development Partnership ($714k) and United Way of Southwest Missouri and Southeast Kansas Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $122k (33% of expenses). At year end it held assets of $711k against liabilities of $14k, net assets of $698k. It reported 2 employees.