Impact Community Development Corporation
Impact Community Development Corporation shows strong revenue growth and zero executive compensation over recent years.
EIN: 200696964 · Philadelphia, PA · NTEE: L990 · Updated: 2026-03-28
Is Impact Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Impact Community Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Impact Community Development Corporation
Impact Community Development Corporation (EIN: 200696964) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code L990. The organization reported total revenue of $1.7M and total assets of $708K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Impact Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Impact Community Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Impact Community Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with revenues exceeding $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Impact Community Development Corporation's IRS 990 filings:
- 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
The following positive indicators were identified for Impact Community Development Corporation:
- 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.
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) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Impact Community Development Corporation spend its money?
Impact Community Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Impact Community Development Corporation tax-deductible?
Impact Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 200696964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Impact Community Development Corporation a good charity?
Based on the provided data, Impact Community Development Corporation appears to be a good charity. It demonstrates strong revenue growth, increasing from $624,517 in 2020 to $1,288,041 in 2023, and consistently reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, particularly in recent years. Revenue has more than doubled from $624,517 in 2020 to $1,288,041 in 2023, and assets have grown substantially from $350,359 in 2020 to $1,622,711 in 2023.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong upward trend, increasing from $350,359 in 2020 to $1,622,711 in 2023. Liabilities have also increased, from $215,280 in 2020 to $1,037,000 in 2023, but assets have grown at a faster rate, maintaining a healthy balance.
Filing History
IRS 990 filing history for Impact Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Impact Community Development Corporation's revenue has grown by 264.4%, moving from $353K to $1.3M. Total assets increased by 212.4% over the same period, from $519K to $1.6M. Total functional expenses rose by 131.6%, from $408K to $944K. In its most recent filing year (2023), Impact Community Development Corporation reported a surplus of $344K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $1.6M in assets (debt-to-asset ratio: 63.9%), resulting in net assets of $586K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $944K | $1.6M | $1.0M | — | — |
| 2022 | $956K | $884K | $1.4M | $1.1M | — | View 990 |
| 2021 | $914K | $866K | $1.3M | $1.2M | — | — |
| 2020 | $625K | $603K | $350K | $215K | — | View 990 |
| 2019 | $526K | $560K | $1.0M | $934K | — | View 990 |
| 2018 | $497K | $756K | $1.1M | $953K | — | View 990 |
| 2017 | $536K | $489K | $1.4M | $960K | — | View 990 |
| 2016 | $529K | $493K | $553K | $194K | — | View 990 |
| 2015 | $651K | $530K | $528K | $206K | — | View 990 |
| 2014 | $526K | $555K | $456K | $254K | — | View 990 |
| 2013 | $446K | $493K | $471K | $239K | — | View 990 |
| 2012 | $414K | $431K | $474K | $195K | — | View 990 |
| 2011 | $353K | $408K | $519K | $224K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $944K, and assets of $1.6M (revenue +34.7% year-over-year).
- 2022: Revenue of $956K, expenses of $884K, and assets of $1.4M (revenue +4.6% year-over-year).
- 2021: Revenue of $914K, expenses of $866K, and assets of $1.3M (revenue +46.4% year-over-year).
- 2020: Revenue of $625K, expenses of $603K, and assets of $350K (revenue +18.8% year-over-year).
- 2019: Revenue of $526K, expenses of $560K, and assets of $1.0M (revenue +5.7% year-over-year).
- 2018: Revenue of $497K, expenses of $756K, and assets of $1.1M (revenue -7.2% year-over-year).
- 2017: Revenue of $536K, expenses of $489K, and assets of $1.4M (revenue +1.4% year-over-year).
- 2016: Revenue of $529K, expenses of $493K, and assets of $553K (revenue -18.7% year-over-year).
- 2015: Revenue of $651K, expenses of $530K, and assets of $528K (revenue +23.8% year-over-year).
- 2014: Revenue of $526K, expenses of $555K, and assets of $456K (revenue +17.8% year-over-year).
- 2013: Revenue of $446K, expenses of $493K, and assets of $471K (revenue +7.7% year-over-year).
- 2012: Revenue of $414K, expenses of $431K, and assets of $474K (revenue +17.2% year-over-year).
- 2011: Revenue of $353K, expenses of $408K, and assets of $519K.
Data Sources and Methodology
This transparency report for Impact Community Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.