The Imani Group Inc

Analysis

The Imani Group Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2022, The Imani Group Inc reported income of $178k and spending of $171k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $61k to $178k (+192%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Imani Group Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Reinvent Horton Community Development Association Inc ($178k), North Central Development Center Inc ($178k) and East Bank Neighborhoods Partnership ($178k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $45k (26% of expenses). At year end it held assets of $48k against liabilities of $0, net assets of $48k.