Imagine Enterprises

Analysis

Imagine Enterprises is a registered charity in United States, based in Seabrook, TX. It received its IRS tax-exemption ruling in March 1998, 28 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, Imagine Enterprises reported income of $13.9m and spending of $13.7m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $9.7m to $13.9m (+43%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Imagine Enterprises sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Zanesville Welfare Org & Goodwill Industries ($13.9m), Eight Northern Indian Pueblos Council ($13.9m) and Community Action Partnership of Sonoma County ($13.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $247k (1.8% of expenses). Other salaries and wages came to $724k. At year end it held assets of $2.7m against liabilities of $2.0m, net assets of $665k. It reported 24 employees.