Im Ready Foundation Inc

Analysis

Im Ready Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2000, 26 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 December 2022, Im Ready Foundation Inc reported income of $1.9m and spending of $153k, leaving 92% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $168k to $1.9m (+1054%), an average of +126% a year. The sharpest change came in the year to December 2022, when income rose by 1206%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Im Ready Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include The Classic Center Cultural Foundation Inc ($1.9m), Charles B Goddard Center for Visual and Performing Arts Inc ($1.9m) and Elachee Nature Science Center ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.