Imagination Fort Worth

Analysis

Imagination Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 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 June 2023, Imagination Fort Worth reported income of $288k and spending of $311k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $305k to $288k (-5.8%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 103% 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 Fort Worth sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Brown County Historical Society ($288k), Astronomical League ($288k) and Ethan Allen Institute ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $69k (22% of expenses). Other salaries and wages came to $38k. At year end it held assets of $132k against liabilities of $5,533, net assets of $126k. It reported 2 employees.