Impact For Equity Inc is a 501(c)(3) organization based in Chicago, Illinois, registered in 1970, with $5,171,436 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$5.2M
▲ 34.8% vs prior year
Crime & Legal median: $309K
Expenses (FY2023)
$3.2M
Net assets
$10.7M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Impact For Equity Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Impact For Equity Inc: 40 mo reserves · +39% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Impact For Equity Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Impact For Equity Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $2.2M (FY2013) to $5.2M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
38.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.7M
Total liabilities
$1.0M
Net assets
$10.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,171,436▲34.8% | $3,167,117▼14.9% | $10,655,219▲0.4% | $11,655,285▲1.5% | 990 |
| 2022 | $3,836,837▲12.7% | $3,723,274▲31.6% | $10,607,563▼20.9% | $11,481,498▼15.2% | 990 |
| 2021 | $3,404,355▲56.6% | $2,828,234▲33.0% | $13,414,450▲18.9% | $13,543,972▲19.6% | 990 |
| 2020 | $2,174,082▼29.1% | $2,126,682▼1.1% | $11,279,506▲5.8% | $11,326,450▲5.7% | 990 |
| 2019 | $3,066,810▲23.2% | $2,150,273▲4.6% | $10,665,686▲33.6% | $10,719,088▲33.9% | 990 |
| 2018 | $2,489,381▲12.3% | $2,055,499▲0.1% | $7,984,104▼16.2% | $8,008,207▼16.6% | 990 |
| 2017 | $2,216,714▼3.8% | $2,053,957▲0.5% | $9,532,225▲10.5% | $9,607,065▲11.2% | 990 |
| 2016 | $2,303,394▲1.5% | $2,043,712▲3.8% | $8,622,850▲7.8% | $8,642,147▲7.7% | 990 |
| 2015 | $2,269,443▼2.3% | $1,968,459▲7.5% | $7,995,311▼9.5% | $8,024,561▼9.6% | 990 |
| 2014 | $2,322,243▲6.7% | $1,831,745▼1.2% | $8,832,538▲6.2% | $8,876,653▲6.1% | 990 |
| 2013 | $2,175,721 | $1,854,646▲9.6% | $8,318,956▲25.2% | $8,364,055▲25.5% | 990 |
| 2012 | — | $1,692,343▲3.3% | $6,642,547▲2.5% | $6,663,009▲2.6% | 990 |
| 2011 | — | $1,638,468▼3.7% | $6,481,322▲12.4% | $6,493,790▲12.3% | 990 |
| 2010 | — | $1,701,518 | $5,767,119 | $5,782,069 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
41 grants to Impact For Equity Inc totaling $3.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mdrc | Restricted purpose a | 2024 | $384,903 |
| American Endowment Foundation | Civil rights | 2024 | $5,855 |
| Mdrc | Restricted purpose a | 2023 | $289,716 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $163,295 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $27,650 |
| National Philanthropic Tr | Environment, animals | 2023 | $9,750 |
| Mdrc | Restricted purpose a | 2022 | $333,333 |
| Robert R Mccormick Foundation | Reentry systems change | 2022 | $150,000 |
| The Chicago Community Trust | General operating support, support for gapa activities, support of gapa activities during the months of january - march 2023, support of gapa activities during the months of april - june 2023, support of gapa activities for time period of july - september 2022, support for power in community: equity (no tickets or tangible benefits) | 2022 | $96,900 |
| Donor Advised Charitable Giving | Human services | 2022 | $11,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $9,000 |
| The Chicago Community Trust | Support for 50th anniversary (no tickets or benefits). support of gapa activities completed during the months of january - march 2022. support of gapa work for july and august, general operating support. support of the power in community forging ahead - bpi annual event (no tickets or benefits received). support of gapa activity from september - december 2021. support for power in community - bpi annual event (no tickets). support of gapa activities for time period of april - june 2022. | 2021 | $126,290 |
| The Chicago Community Trust | Support for 50th anniversary (no tickets or benefits). support of gapa activities completed during the months of january - march 2022. support of gapa work for july and august, general operating support. support of the power in community forging ahead - bpi annual event (no tickets or benefits received). support of gapa activity from september - december 2021. support for power in community - bpi annual event (no tickets). support of gapa activities for time period of april - june 2022. | 2021 | $126,290 |
| Robert R Mccormick Foundation | Justice reform | 2021 | $75,000 |
| Network For Good Inc | Unrestricted | 2021 | $23,754 |
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Data for Impact For Equity Inc (EIN 36-2675852) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.