Imagine Prep at Surprise Inc

Analysis

Imagine Prep at Surprise Inc is a registered charity in United States, based in Surprise, AZ. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Imagine Prep at Surprise Inc reported income of $4.5m and spending of $4.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.5m (+32%), an average of +7.1% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Prep at Surprise Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include L Hollingworth School for Talented and Gifted ($4.5m), Park Place Christian Academy Inc ($4.5m) and Tomorrows Hope Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $70k (1.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.1m against liabilities of $9.1m, net assets of -$1.1m.