Imprints Cares

Analysis

Imprints Cares is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Imprints Cares reported income of $5.5m and spending of $5.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $5.5m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imprints Cares sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include First Baptist Christian Academy of Pasadena ($5.5m), Elevate Academy North LLC ($5.5m) and New Frontiers Public Schools Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $130k (2.4% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.7m against liabilities of $2.0m, net assets of $1.8m. It reported 356 employees.