Imagine America Foundation

Analysis

Imagine America Foundation is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Imagine America Foundation reported income of $236k and spending of $210k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $349k to $236k (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. 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 America Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Meridian Classical Center for Learning ($236k), All Star Equestrian Foundation Inc ($236k) and Missions International of America ($236k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $43k (21% of expenses). Other salaries and wages came to $1,739. At year end it held assets of $1.2m against liabilities of $95k, net assets of $1.2m. It reported 3 employees.