Imagination Stage Inc

Analysis

Imagination Stage Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in January 1981, 45 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Imagination Stage Inc reported income of $5.2m and spending of $5.9m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.0m to $5.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2021, when income rose by 78%. Over the whole period it spent 105% 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 Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Oklahoma Contemporary Arts Center Inc ($5.2m), Braddock Carnegie Library Association ($5.2m) and Open Campus Media Inc ($5.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $231k (3.9% of expenses). Other salaries and wages came to $2.8m. It paid $66k in professional fundraising fees. At year end it held assets of $7.5m against liabilities of $1.2m, net assets of $6.2m. It reported 349 employees.