Imagination Library of Grant County Inc

Analysis

Imagination Library of Grant County Inc is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Imagination Library of Grant County Inc reported income of $105k and spending of $98k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $114k to $105k (-7.7%), an average of -2.0% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagination Library of Grant County Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within NM. Charities of a similar size with the same main cause include Innovative Engineering Community Foundation ($105k), Forest Avenue Home and School Association ($105k) and 365z Foundation Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $12k (13% of expenses). It paid $353 in professional fundraising fees. At year end it held assets of $193k against liabilities of $40k, net assets of $153k. It reported 1 employees.