Imagine Educational Foundation

Analysis

Imagine Educational Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Imagine Educational Foundation reported income of $6.2m and spending of $5.3m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.4m to $6.2m (+79%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 42%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Educational Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Coca-Cola Scholars Foundation Inc ($6.2m), Durham Nativity School Inc ($6.2m) and Windsor Bergen Academy Inc ($6.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $197k (3.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $10.7m against liabilities of $3.6m, net assets of $7.1m. It reported 93 employees.