Early Impact Virginia

Analysis

Early Impact Virginia is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in July 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, Early Impact Virginia reported income of $1.4m and spending of $1.5m, spending 113% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $746k to $1.4m (+82%), an average of +82% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Early Impact Virginia sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Pets Are Wonderful Support-Los Angeles ($1.4m), Boone County Senior Services Inc ($1.4m) and Community Partnership Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Other salaries and wages came to $518k. At year end it held assets of $72k against liabilities of $0, net assets of $72k.