Impact Charitable

What it reported doing in 2024

Capital activation - at impact charitable, we move more money, in more ways, to more people and places by focusing on impact-first investing. Our primary objective is to drive meaningful impact, balancing financial return and risk in service of this mission. While we anticipate financial returns from our funds, our true measure of success lies in the impact and outcomes of these investments.impact charitable works through integrated capital, providing both grants and investments, to catalyze positive change. We collaborate with investors who understand that traditional approaches alone are insufficient to achieve the just and equitable outcomes we seek. Our team, with deep expertise in both philanthropy and finance, works to move money directly into impactful organizations, making lasting change possible.our approach ensures that a significant portion of the funds under our management is actively working in communities, driving positive social change. Throughout the year, impact charitable facilitated the movement of significant capital through a variety of impactful programs and services including direct investments, program-related investments, philanthropic investment funds, and donor-advised funds. Through these services, impact charitable facilitated the movement of $7,340,176 of investments and 7,517,022 of grant funds in 2024. Our key areas of focus include supporting economic mobility, financial inclusion, ownership economy, and affordable housing among other impact themes. By leveraging catalytic capital, we are able to facilitate access to opportunities for historically marginalized communities and help close the capital gaps that persist in traditional financial systems.

Financial Efficiency

• Mission deployment rate: 65.6%; rating input score 66
• Program expense ratio: 95.1%; rating input score 95
• Fundraising efficiency: $116.56 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 98.8%; rating input score 99; 31st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 33.3%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 2.5; rating input score 69; 69th percentile among comparable filings
• Liabilities to assets ratio: 0.56; rating input score 25; 25th percentile among comparable filings
• Officer compensation ratio: 3.7%; rating input score 62; 62nd percentile among comparable filings

Growth

• Program expense growth: 32.6% per year; rating input score 100; 96th percentile among comparable filings
• Revenue growth: 33.1% per year; rating input score 100; 97th percentile among comparable filings
• Asset growth: 37.5% per year; rating input score 100; 97th percentile among comparable filings