Imagination Lab School

Analysis

Imagination Lab School is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 2016, 10 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, Imagination Lab School reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $676k to $1.7m (+158%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 181%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagination Lab School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Scago Educational Facilities Corporation for Colleton School Di ($1.7m), Association of Defense Communities ($1.7m) and Ann Arbor Academy Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $266k (15% of expenses). Other salaries and wages came to $469k. At year end it held assets of $800k against liabilities of $117k, net assets of $682k. It reported 10 employees.