Imsa Educational Foundation

Analysis

Imsa Educational Foundation is a registered charity in United States, based in Moultonboro, NH. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 April 2023, Imsa Educational Foundation reported income of $364k and spending of $583k, spending 160% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $392k to $364k (-7.2%), an average of -2.4% a year. The sharpest change came in the year to April 2022, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Imsa Educational Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within NH. Charities of a similar size with the same main cause include Jackson Hill Main Street Management Corporation ($364k), Armi Housing Corporation ($364k) and Living Lchaim Inc ($363k).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $113k (19% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 2 employees.