Educational Impact Inc

Analysis

Educational Impact Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Educational Impact Inc reported income of $2.1m and spending of $1.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $552k to $2.1m (+273%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 128%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Impact Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Hawaii Association of Independent Schools ($2.1m), Boston Education Skills & Training Corp ($2.1m) and Holy Cross Christian Academy Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $787k. At year end it held assets of $823k against liabilities of $116k, net assets of $707k. It reported 24 employees.