Imagination Stage of Washington DC Inc

Analysis

Imagination Stage of Washington DC Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Imagination Stage of Washington DC Inc reported income of $537k and spending of $506k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $438k to $537k (+23%), an average of +5.2% a year. The sharpest change came in the year to August 2022, when income rose by 67%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Imagination Stage of Washington DC 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 71st percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Stage Left Childrens Theatre Inc ($537k), Borrego Art Institute ($537k) and Latin Americans Working for Achievement ($537k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $34k (6.8% of expenses). Other salaries and wages came to $169k. At year end it held assets of $160k against liabilities of $0, net assets of $160k.