Imagine Leadership Academy

Analysis

Imagine Leadership Academy is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Imagine Leadership Academy reported income of $2.8m and spending of $2.5m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.7m to $2.8m (+61%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Leadership Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include School of Acrobatics & New Circus Arts ($2.8m), Aequitas ($2.8m) and Oklahoma Educational Technology TR ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (0.8% of expenses). At year end it held assets of $5.0m against liabilities of $6.5m, net assets of -$1.5m.