Imani Collective Inc

Analysis

Imani Collective Inc is a registered charity in United States, based in Bulverde, TX. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Collective Inc reported income of $784k and spending of $506k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $784k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Imani Collective Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include United Way and Volunteer Services of Greater Yankton ($784k), Al Kauser ($785k) and Matat Mordechai ($784k).

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 $65k (13% of expenses). Other salaries and wages came to $3,580. At year end it held assets of $58k against liabilities of $77k, net assets of -$19k. It reported 2 employees.