Co-Impact Philanthropic Funds Inc

Analysis

Co-Impact Philanthropic Funds Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2022, 4 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 (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, Co-Impact Philanthropic Funds Inc reported income of $360.1m and spending of $73.8m, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75.0m to $360.1m (+380%), an average of +380% a year. The sharpest change came in the year to December 2023, when income rose by 380%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Co-Impact Philanthropic Funds Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Marine Toys for Tots Foundation ($359.2m), Dechomai Foundation Inc ($363.5m) and Tides Foundation ($350.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $3.1m (4.2% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $318.2m against liabilities of $8.7m, net assets of $309.5m. It reported 39 employees.