Imsa Parent Association Council

Analysis

Imsa Parent Association Council is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Imsa Parent Association Council reported income of $104k and spending of $106k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $80k to $104k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 589%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imsa Parent Association Council sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Lions Club Foundation of Fraser Valley Inc ($104k), Friends of Lowell High School Inc ($104k) and Mona Shores Hockey Club Inc ($104k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 67% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.