Community Impact Network Inc

Analysis

Community Impact Network Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in September 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 2024, Community Impact Network Inc reported income of $206k and spending of $141k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to June 2024, income grew from $10k to $206k (+1937%), an average of +1937% a year. The sharpest change came in the year to June 2024, when income rose by 1937%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Impact Network Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within WV. Charities of a similar size with the same main cause include The Village for Rhode Island Foster ($206k), Pampa ($206k) and Norfolk Casa Inc ($206k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $553k against liabilities of $489k, net assets of $63k.