Imagine Me Ministries Inc

Analysis

Imagine Me Ministries Inc is a registered charity in United States, based in Reisterstown, MD. It received its IRS tax-exemption ruling in May 2009, 17 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, Imagine Me Ministries Inc reported income of $165k and spending of $148k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $165k (+129%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Imagine Me Ministries Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Southern Educational Fund Inc ($165k), Christs Children Ministries ($165k) and East Texas Juniors Volleyball Club Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (38% of expenses). Other salaries and wages came to $6,961. At year end it held assets of $0 against liabilities of $49k, net assets of -$49k.