Imago School Association Inc

Analysis

Imago School Association Inc is a registered charity in United States, based in Maynard, MA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Imago School Association Inc reported income of $1.0m and spending of $843k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $696k to $1.0m (+47%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Imago School Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Arc of Virginia Inc ($1.0m), Shawme Heights Inc ($1.0m) and Broadway Mall Association Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $26k (3.1% of expenses). Other salaries and wages came to $490k. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $764k. It reported 21 employees.