Imsa Fund for Advancement of Education

Analysis

Imsa Fund for Advancement of Education is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in February 1987, 39 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Imsa Fund for Advancement of Education reported income of $1.2m and spending of $752k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.2m (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Imsa Fund for Advancement of Education sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include El Concilio of San Mateo County ($1.2m), Alaska Public Interest Research Group Inc ($1.2m) and Colorado State High School Rodeo Assn ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $12.1m against liabilities of $8,870, net assets of $12.1m.