Impact Change EIN 45-3620353

Impact Change

EIN  45-3620353 Public charity (501(c)(3)) Rock Hill, SC
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Impact Change claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Provides affordable homes and essential aid like food and clothing to low-income families.
Leadership
Vincent James · President
Money in and out
$769K revenue, $838K expenses
Bottom line
98% program efficiency

Provides affordable homes and essential aid like food and clothing to low-income families. For fiscal year 2023 it reported $769K in revenue, $838K in expenses, and $1.1M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$769K
Pt VIII · Ln 12
Total expenses
$838K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$70K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs0% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▼ -141% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$769K
FY2023▼ -21%
Expenses
$838K
FY2023▲ +11%
Total assets
$5.5M
FY2023▼ -2%
Total liabilities
$4.4M
FY2023▼ -2%
Total revenue
$769K
Pt VIII · Ln 12
Total expenses
$838K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$70K
Total assetsPt X · Ln 16$5.5M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $822K of program spending, described in the organization's own filed words · FY2023.
01

Impact Change is proud to focus on economic and community development and stabilization in North Carolina and South Carolina. Currently we are aiding the housing needs and personal needs of community members in Char-Meck, NC, and Rock Hill, SC communities.

$822Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CImpact Change
EINHdr · item D45-3620353
Principal addressHdr · item CRock Hill, SC
WebsiteHdr · item Jcogum.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K30)
Ruling yearIRS BMFOct 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Vincent James’s $6K as President is at the 6th percentile of top reported officer pay among 1174 $100K–1M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020FY2019
Vincent James$5,750$6,000$6,000$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Impact Change executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Other revenue$705K · 92%
Contributions & grants$64K · 8%
Other revenue92%$705K
Contributions & grants8%$64K
Total revenueLn 12$769K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$822K
Management & general2%$16K
Total functional expensesLn 25$838K

Balance Sheet

Part X · end of year
CashLn 1$312
Total assetsLn 16$5.5M
Total liabilitiesLn 26$4.4M
Total net assetsLn 32$1.1M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $312 · Operating expenses/yr $838K
0.0 months
Where the money goes
Program services
Program services $822K · Total expenses $838K
98%
Management & General
Management & general $16K · Total expenses $838K
2%
Fundraising
Fundraising $0 · Total expenses $838K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $144K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $769K
8%
Government reliance
Government grants — · Total revenue $769K
Earned-income share
Program service revenue $0 · Total revenue $769K
0%
Investment reliance
Investment income $0 · Total revenue $769K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $838K
0%
Growth & trend
Revenue growth (YoY)
This year $769K · Prior year $969K
-21%
Revenue CAGR
FY2019 $355K · FY2023 $769K
+21%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $769K · Expenses $838K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $5.5M
Net-asset ratio
Net assets $1.1M · Total assets $5.5M
19%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $5.5M
0%
People & payroll
Highest Reported Total Compensation
Individual Vincent James · Reported title President · Highest reported compensation $0 · Total expenses $838K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $66K · Total expenses $838K
8%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -21%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like Impact Change →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$769K revenue · viewing · ⤓ 990 PDF
FY2022$969K revenue · ⤓ 990 PDF
FY2021$691K revenue · ⤓ 990 PDF
FY2020$594K revenue · ⤓ 990 PDF
FY2019$355K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.