Business Impact NW

Analysis

Business Impact NW is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Business Impact NW reported income of $6.8m and spending of $8.8m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $6.8m (+193%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Impact NW sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include The Registry Inc ($6.8m), Buffalo & Erie County Industrial Land Development Corp ($6.8m) and Exceed Enterprises Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $175k (2.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $30.5m against liabilities of $22.1m, net assets of $8.4m. It reported 74 employees.