We present a mapping of correlated multi-impurity Anderson models to a cluster model coupled to a number of effective conduction bands capturing its essential low-energy physics. The major ingredient is the complex single-particle self energy matrix of the uncorrelated problem that encodes the influence to the host conduction band onto the dynamics of a set of correlated orbitals. While the real part of the self-energy matrix generates an effective hopping between the cluster orbitals, the imaginary part determines the coupling to the effective conduction bands in the mapped model. The rank of the imaginary part determines the number of independent screening channels of the problem, and allows the replacement of the phenomenological exhaustion criterion by a rigorous mathematical statement. This rank provides a distinction between multi-impurity models of first kind and of second kind. For the latter, there are insufficient screening channels available, so that a singlet ground state must be driven by the inter-cluster spin correlations. This classification provides a fundamental answer to the question of why ferromagnetic correlations between local moments are irrelevant for the spin compensated ground state in dilute impurity models, whereas they compete with the Kondo-scale in dense impurity arrays, without evoking a spin density wave. The low-temperature physics of three examples taken from the literature are deduced from the analytic structure of the mapped model, demonstrating the potential power of this approach. NRG calculations are presented for up to five site cluster. We investigate the appearance of frustration induced non-Fermi liquid fixed points in the trimer, and demonstrate the existence of several critical points of KT type at which ferromagnetic correlations suppress the screening of an additional effective spin-$1/2$ degree of freedom.