Big Imagination Foundation

Analysis

Big Imagination Foundation is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in July 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2020, Big Imagination Foundation reported income of $405k and spending of $105k, leaving 74% of income unspent that year. Across the 2 years on record, from September 2019 to September 2020, income grew from $403k to $405k (+0.6%), an average of +0.6% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Big Imagination Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Kaleidoscope Chamber Orchestra ($405k), Midwest Central Railroad ($405k) and Songbirds Foundation Inc ($405k).

On its Form 990 for the period ending September 2020, revenue came from contributions and grants 3.4% and program service revenue 0.0% of the total. At year end it held assets of $314k against liabilities of $60k, net assets of $254k.