Imagine Me Leadership Charter School

Analysis

Imagine Me Leadership Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2017, 9 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, Imagine Me Leadership Charter School reported income of $5.7m and spending of $6.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.7m (+40%), an average of +8.8% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Me Leadership Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Somerset Hills Learning Institute Inc ($5.7m), My Brothers Workshop ($5.7m) and Union Day School Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $534k (8.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $373k against liabilities of $709k, net assets of -$335k. It reported 82 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.