Imani Community Development Corporation

Analysis

Imani Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2022, 4 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, Imani Community Development Corporation reported income of $53k and spending of $51k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $53k (+10%), an average of +10% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Imani Community Development Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include National Charity League Inc- Gardenia Chapter ($53k), GFWC West Virginia Inc ($53k) and Arise Detroit ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,534 against liabilities of $0, net assets of $2,534.