Impact Community Development Corporation
EIN: 30496558 · Rockaway, NJ · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $553K |
| Net Assets | $-540,572 |
Is Impact Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Impact Community Development Corporation
Impact Community Development Corporation (EIN: 30496558) is a nonprofit organization based in Rockaway, NJ, classified under NTEE code L22. The organization reported total revenue of $2.0M and total assets of $3.6M 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.
Organization Overview
Impact Community Development Corporation is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 41.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $553K |
| Surplus / Deficit | +$782K |
| Total Assets | $2.1M |
| Total Liabilities | $2.7M |
| Net Assets | $-540,572 |
| Operating Margin | 58.6% |
| Debt-to-Asset Ratio | 125.3% |
| Months of Reserves | 46.3 months |
Financial Health Grade: A
In 2023, Impact Community Development Corporation reported a surplus of $782K with revenue exceeding expenses, holds 46.3 months of operating reserves (strong position), has a debt-to-asset ratio of 125.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Impact Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 41.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +132984.6% | +530.1% | +10663.1% |
| 2022 | -96.8% | -34.0% | -79.7% |
| 2021 | -55.5% | +4.8% | -87.6% |
| 2020 | -18.9% | -24.7% | -25.1% |
| 2019 | +27.6% | +35.6% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Impact Community Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Impact Community Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $782K, with revenue exceeding expenses.
- Debt-to-asset ratio: 125.3%.
Frequently Asked Questions about Impact Community Development Corporation
Is Impact Community Development Corporation a legitimate charity?
Impact Community Development Corporation (EIN: 30496558) is a registered tax-exempt nonprofit based in New Jersey. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. Financial health grade: A.
How does Impact Community Development Corporation spend its money?
Impact Community Development Corporation reported $2.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Impact Community Development Corporation tax-deductible?
Impact Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 30496558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Impact Community Development Corporation located?
Impact Community Development Corporation is headquartered in Rockaway, New Jersey and files with the IRS under EIN 30496558. It is classified under NTEE code L22.
How many years of IRS 990 filings does Impact Community Development Corporation have?
Impact Community Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
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 6562.2%, moving from $20K to $1.3M. Total assets increased by 65% over the same period, from $1.3M to $2.1M. Total functional expenses rose by 199.5%, from $185K to $553K. In its most recent filing year (2023), Impact Community Development Corporation reported a surplus of $782K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $2.1M in assets (debt-to-asset ratio: 125.3%), resulting in net assets of $-540,572.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $553K | $2.1M | $2.7M | — | — |
| 2022 | $1K | $88K | $20K | $1.3M | — | View 990 |
| 2021 | $31K | $133K | $98K | $1.3M | — | View 990 |
| 2020 | $70K | $127K | $789K | $1.9M | — | — |
| 2019 | $86K | $168K | $1.1M | $1.9M | — | View 990 |
| 2018 | $67K | $124K | $1.1M | $2.2M | — | View 990 |
| 2017 | $70K | $148K | $1.1M | $2.2M | — | View 990 |
| 2016 | $158K | $168K | $1.1M | $2.3M | — | View 990 |
| 2015 | $176K | $178K | $1.1M | $2.3M | — | View 990 |
| 2014 | $163K | $190K | $1.2M | $2.3M | — | View 990 |
| 2013 | $166K | $210K | $1.2M | $2.3M | — | View 990 |
| 2012 | $24K | $182K | $1.3M | $2.3M | — | View 990 |
| 2011 | $20K | $185K | $1.3M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $553K, and assets of $2.1M (revenue +132984.6% year-over-year).
- 2022: Revenue of $1K, expenses of $88K, and assets of $20K (revenue -96.8% year-over-year).
- 2021: Revenue of $31K, expenses of $133K, and assets of $98K (revenue -55.5% year-over-year).
- 2020: Revenue of $70K, expenses of $127K, and assets of $789K (revenue -18.9% year-over-year).
- 2019: Revenue of $86K, expenses of $168K, and assets of $1.1M (revenue +27.6% year-over-year).
- 2018: Revenue of $67K, expenses of $124K, and assets of $1.1M (revenue -4.0% year-over-year).
- 2017: Revenue of $70K, expenses of $148K, and assets of $1.1M (revenue -55.5% year-over-year).
- 2016: Revenue of $158K, expenses of $168K, and assets of $1.1M (revenue -10.2% year-over-year).
- 2015: Revenue of $176K, expenses of $178K, and assets of $1.1M (revenue +7.5% year-over-year).
- 2014: Revenue of $163K, expenses of $190K, and assets of $1.2M (revenue -1.6% year-over-year).
- 2013: Revenue of $166K, expenses of $210K, and assets of $1.2M (revenue +581.7% year-over-year).
- 2012: Revenue of $24K, expenses of $182K, and assets of $1.3M (revenue +21.6% year-over-year).
- 2011: Revenue of $20K, expenses of $185K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Impact Community Development Corporation:
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.