Imagination Theater Company

Analysis

Imagination Theater Company is a registered charity in United States, based in Diamond SPGS, CA. It received its IRS tax-exemption ruling in March 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Imagination Theater Company reported income of $113k and spending of $153k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $185k to $113k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 97% 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 Theater Company sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Wyalusing Valley Museum Assoc ($113k), Kansas City Jazz Alive ($113k) and Friends of Garvies Point Museum and Preserve ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 90% of the total. At year end it held assets of $43k against liabilities of $3,200, net assets of $39k.