Imagine Scholar Inc

Analysis

Imagine Scholar Inc is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in February 2018, 8 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 December 2023, Imagine Scholar Inc reported income of $524k and spending of $427k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $524k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Scholar Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include River Mist Inc ($524k), Snyder County Libraries Inc ($524k) and Saxton B Little Free Library Inc ($524k).

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 $89k (21% of expenses). At year end it held assets of $369k against liabilities of $0, net assets of $369k.