Imentor Incorporated

Analysis

Imentor Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Imentor Incorporated reported income of $16.9m and spending of $22.2m, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $21.7m to $16.9m (-22%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Imentor Incorporated 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 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Innovative Network of Knowledge ($16.8m), Florida Sheriffs Youth Ranches Inc ($17.0m) and Boy Scouts of America ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $715k (3.2% of expenses). Other salaries and wages came to $12.7m. It paid $70k in professional fundraising fees. At year end it held assets of $43.7m against liabilities of $13.2m, net assets of $30.5m. It reported 221 employees.