Imagine the Possibilities Inc

Analysis

Imagine the Possibilities Inc is a registered charity in United States, based in Maquoketa, IA. It received its IRS tax-exemption ruling in December 1973, 53 years ago. 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 June 2023, Imagine the Possibilities Inc reported income of $56.2m and spending of $46.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.7m to $56.2m (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Imagine the Possibilities Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Suncoast Community Health Centers Inc ($56.2m), Kawerak Inc ($56.2m) and LA Clinica Del Valle Family Health Care Center Inc ($56.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.6m (3.5% of expenses). Other salaries and wages came to $31.3m. At year end it held assets of $41.2m against liabilities of $7.2m, net assets of $34.0m. It reported 1,123 employees.