School of Imagination Inc

Analysis

School of Imagination Inc is a registered charity in United States, based in Dublin, CA. It received its IRS tax-exemption ruling in December 2007, 19 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 December 2023, School of Imagination Inc reported income of $4.5m and spending of $4.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.5m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School of Imagination Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include American School of Correspondence ($4.5m), Princeton Friends School ($4.5m) and Northwest Ohio Classical Academy ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $315k (7.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $11.0m against liabilities of $2.4m, net assets of $8.6m. It reported 76 employees.