Imani School

Analysis

Imani School is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1997, 29 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 December 2022, Imani School reported income of $5.6m and spending of $3.9m, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.4m to $5.6m (+66%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imani School sits at the 90th 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 Abilene Christian Schools Inc ($5.6m), New World Symphony Inc ($5.7m) and Marshall High School ($5.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 28% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $90k (2.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.9m against liabilities of $1.7m, net assets of $3.3m. It reported 60 employees.