Imaginarium Group Inc

Analysis

Imaginarium Group Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in October 1991, 35 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 December 2022, Imaginarium Group Inc reported income of $1.6m and spending of $1.9m, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.7m to $1.6m (-5.1%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Imaginarium Group Inc 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 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Mercury Chamber Orchestra Inc ($1.6m), Washington Music Educators Association ($1.6m) and Chicago International Film Festival Inc Cinema-Chicago ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 42% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $131k (7.0% of expenses). Other salaries and wages came to $787k. At year end it held assets of $621k against liabilities of $283k, net assets of $338k. It reported 26 employees.