Imagine Schools Non-Profit Inc

Analysis

Imagine Schools Non-Profit Inc is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in June 2012, 14 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 Non-Profit Inc reported income of $71.9m and spending of $75.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.2m to $71.9m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Schools Non-Profit Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Minnesota Transitions Chartered School ($71.8m), Gwynedd Mercy University ($72.0m) and Russell Sage College ($71.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $579k (0.8% of expenses). Other salaries and wages came to $36.2m. At year end it held assets of $158.7m against liabilities of $162.5m, net assets of -$3.7m. It reported 1,561 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.