Imaginarium of South Texas

Analysis

Imaginarium of South Texas is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in August 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 2023, Imaginarium of South Texas reported income of $399k and spending of $426k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $399k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 113% 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 of South Texas sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Tupper Arts ($399k), Beaches Fine Arts Series Inc ($399k) and Marathon County Historical Society ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. Other salaries and wages came to $198k. At year end it held assets of $587k against liabilities of $1,363, net assets of $586k. It reported 18 employees.