Imaginenations Group Inc

Analysis

Imaginenations Group Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Imaginenations Group Inc reported income of $118k and spending of $70k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $687k to $118k (-83%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Imaginenations Group Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Central City Development Corporation ($118k), J Smith International Foundation ($118k) and Foundation for Youth Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $599k against liabilities of $2,675, net assets of $597k.