Impact Garage

Analysis

Impact Garage is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in February 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impact Garage reported income of $168k and spending of $112k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $168k (+348%), an average of +348% a year. The sharpest change came in the year to December 2023, when income rose by 348%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact Garage sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Picor Charitable Foundation ($168k), Anything for a Friend Inc ($168k) and Lenawee Chamber Foundation ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. At year end it held assets of $101k against liabilities of $7,206, net assets of $94k.