Friends of Imagine International Academy of North Texas

Analysis

Friends of Imagine International Academy of North Texas is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Imagine International Academy of North Texas reported income of $13.7m and spending of $14.0m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $13.2m to $13.7m (+3.8%), an average of +1.2% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Imagine International Academy of North Texas sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Umbc Training Enterprises Inc ($13.7m), Village Preparatory School Woodland Hills Campus ($13.7m) and Hilton Head Christian Academy ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $30.2m against liabilities of $26.1m, net assets of $4.1m. It reported 217 employees.