Imaginal Education Company

Analysis

Imaginal Education Company is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Imaginal Education Company reported income of $660k and spending of $564k, spending 85% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $503k to $660k (+31%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imaginal Education Company sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Lexington Montessori School Inc ($660k), Christian Academy of Carrollton ($660k) and Yeshiva Building Fund Inc ($660k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $136k (24% of expenses). Other salaries and wages came to $34k. At year end it held assets of $265k against liabilities of $19k, net assets of $246k.