Imagine and Believe Foundation

Analysis

Imagine and Believe Foundation is a registered charity in United States, based in Searcy, AR. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Imagine and Believe Foundation reported income of $73k and spending of $75k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23k to $73k (+218%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 261%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Imagine and Believe Foundation sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within AR. Charities of a similar size with the same main cause include Macedonia Family Life Community Complex Inc ($73k), Syfl ($73k) and Wave Program ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2,206. At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 1 employees.