Imagine Englewood If NFP

Analysis

Imagine Englewood If NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Englewood If NFP reported income of $829k and spending of $1.2m, spending 144% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $210k to $829k (+294%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Imagine Englewood If NFP sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Niagara University Ice Complex Inc ($829k), Lincoln Economic Development Association ($830k) and Building Officials Association of Florida Inc ($828k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $83k (7.0% of expenses). Other salaries and wages came to $579k. At year end it held assets of $1.8m against liabilities of $120k, net assets of $1.7m. It reported 24 employees.