Illinois Impact Inc

Analysis

Illinois Impact Inc is a registered charity in United States, based in Mundelein, IL. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 June 2024, Illinois Impact Inc reported income of $121k and spending of $123k, spending 102% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $111k to $121k (+9.3%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Impact Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($121k), Little League Baseball Inc ($121k) and The Illinois Patrons of the Arts in the Vatican Museums ($121k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $3,032 against liabilities of $0, net assets of $3,032.