Data aggregation, and analysis to spark Technology for the Public Interest
Providing free-access is an important element of democratizing data to spark social innovation. Equally important to the democratization efforts is to make the data easy to understand and accessible, as well as combining different sources to offer a comprehensive view.
We use a combination of proprietary technology, Human Curation, and a Private Wiki to aggregate and organize under the 17 UN SDGs the following datasets, which we update frequently. Some concepts are documented in our research papers.
X4Impact data types and sources
Tech for Good Solutions
With over 330 Tech for Nonprofit Solutions that address mission-critical needs, we quickly became the largest marketplace for Tech for Good.
By analyzing the data from recent rounds of financing filed with the SEC, we gain visibility to thousands of new potential listings every quarter. We apply automated classification validated by a human expert.
We cover solutions such as fundraising, cybersecurity, and document automation, as well as mission-critical applications such as homelessness, food waste reduction, combating human trafficking, sexual abuse, climate change, mental health, education, and many others.
We have a Tech4PI (Tech for the Public Interest) certification, developed by a multidisciplinary team.
Social Impact Funding and Nonprofit Market Landscape
We analyze over 600,000 filings of forms 990 and 990-PF with the United States Internal Revenue Service (IRS). We exclude religious organizations as well as Private Foundations, Community Foundations, and Trusts, as those entities behave as intermediaries that eventually deploy the money as donations.
We aggregate data from the Security and Exchange Commission (SEC). We process 50,000 forms D and D/A filed in the past 18 months. We focus on technology companies raising between $50,000 and $500,000.
We remove duplicates by looking at the last amendment filed by any given organization.
Interactive Tools & Reports
We are just starting. Our aspiration is to become a trusted data intelligence marketplace to spark social innovation. We have many Interactive tools and we plan to continuously release new ones.
USAFacts provides the government data (impact indicators), and we combine it with our data. We are using quick and basic prototypes, optimizing for speed to market, learn, and improve.
Together, we present a complete picture of the problem, potential and existing solutions, available funding, and the human impact of addressing such problems.
Our Custom Search Engine
We organized these data and information under one or more of the UN SDG goals. This is enabled through our proprietary content classification engine.
Grants & Funding
Data is extracted and aggregated from grants published by the federal government, as well as by private foundations and private companies.
On average our AI-powered analyzer inspects around 4,000 potential grants every week and organizes them under one or many UN SDGs.
We offer the opportunity for Private Companies, Private Foundations, and Local Government to publish grants in our System. Today we allow uploads of a large number of grants (Bulk Uploads) via CSV file ingest and expect to have a documented API by Q1 of 2021.
Please contact us if you are interested in bulk uploads.
Challenges & Ideas Collaborative
At launch, we have aggregated over 800 social challenges that need a solution or ideas that are ready for investment or for the right social entrepreneur. These challenges and ideas are extracted from published sources through our text summarization components.
A private-wiki experience enables experts from nonprofits, academia, and the private sector to augment and refine the work done by our text analytics components.
We also work with Hackathons from Universities, Social Incubators, Large Technology Companies, and provide access for Bulk Upload their ideas and challenges. We believe this will be a great way to enable a sustained acceleration of ideas for social innovation.
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X4Impact uses the United Nations Sustainable Development Goals as a framework to organize insights
Given the emerging consensus on aligning Social-Impact Funding with United Nations Sustainable Development Goals – UN SDGs, we adopted its classification of impact with the 17 major goals.
The following video summarizes our work, which is documented in a Research Paper published in August of 2020 by KDD, one of the most reputable global conference on Knowledge Discovery and Data Sciences.
Our classification is based on analyzing a piece of content such as a Form 990 filed with the U.S. Internal Revenue Service -IRS, or the content of the website of an organization, or the content of a published grant. Our algorithms extract the core concepts and compare those with the concepts that prevail in pieces of content that are considered Gold-Standard under each one of the UN SDGs.
We are using an accuracy of 85% or more to classify a data point or unit of content under a UN SDG. This may change as we improve our algorithms over time. You can check our Research Papers for more details.