Is Impact Community Development Corporation Legit?
Quick charity verification for Impact Community Development Corporation (EIN: 200696964)
Verdict: Impact Community Development Corporation appears trustworthy
90/100Mission Score
$1.7MRevenue
$708KAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed spending breakdown (program, admin, fundraising) in provided data makes full efficiency assessment challenging.
Significant increase in liabilities from $215,280 in 2020 to $1,037,000 in 2023, warrants further investigation into their nature.
Strengths
Strong revenue growth, more than doubling from $624,517 in 2020 to $1,288,041 in 2023.
Consistent reporting of 0% officer compensation across all available filings, indicating high efficiency and mission focus.
Significant increase in assets, from $350,359 in 2020 to $1,622,711 in 2023, strengthening the organization's financial base.
Consistent filing history (13 filings) demonstrates good transparency and compliance.
Spending Breakdown
How Impact Community Development Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Impact Community Development Corporation
Is Impact Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Impact Community Development Corporation (EIN: 200696964) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Impact Community Development Corporation a good charity to donate to?
Impact Community Development Corporation has a Mission Score of 90/100. Revenue: $1.7M. Assets: $708K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Impact Community Development Corporation?
The Employer Identification Number (EIN) for Impact Community Development Corporation is 200696964. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Impact Community Development Corporation spend its money?
Impact Community Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Impact Community Development Corporation's tax-exempt status?
You can verify Impact Community Development Corporation's tax-exempt status using EIN 200696964 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Impact Community Development Corporation demonstrates a generally positive financial trajectory, with significant revenue growth observed in recent years, from $624,517 in 2020 to $1,288,041 in 2023. This growth is accompanied by a healthy increase in assets, reaching $1,622,711 in 2023. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries. This practice enhances its transparency and trustworthiness.
While the specific breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the consistent reporting of 0% officer compensation suggests a lean operational structure at the top. The organization's liabilities have also increased alongside its assets, reaching $1,037,000 in 2023, which warrants monitoring to ensure long-term financial stability. However, the asset-to-liability ratio remains favorable, indicating solvency.
Overall, Impact Community Development Corporation appears to be a financially sound organization with a clear commitment to its mission, as evidenced by its growth and compensation practices. Its consistent filing history further contributes to its transparency, allowing stakeholders to track its financial performance over time.