Imhotep Institute Inc

Analysis

Imhotep Institute Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1999, 27 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, Imhotep Institute Inc reported income of $11.6m and spending of $11.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.4m to $11.6m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imhotep Institute Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Rocky Mount Charter School Inc ($11.6m), Wesley School ($11.6m) and Geneva School of Boerne ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $422k (3.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $12.4m against liabilities of $6.8m, net assets of $5.6m. It reported 106 employees.