Imagine Schools Inc

Analysis

Imagine Schools Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Imagine Schools Inc reported income of $32.4m and spending of $17.5m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.9m to $32.4m (+1.4%), an average of +0.3% a year. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Schools Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Capital City Public Charter School Inc ($32.4m), College Success Foundation ($32.4m) and Boys Latin School of Maryland Incorporated ($32.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.6m (9.0% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $124.0m against liabilities of $3.3m, net assets of $120.7m. It reported 2,347 employees.