Imgn Communities Inc

Analysis

Imgn Communities Inc is a registered charity in United States, based in Collingswood, NJ. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Imgn Communities Inc reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $498k to $1.4m (+173%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 642%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Imgn Communities Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Boone County Senior Services Inc ($1.4m), Hopes Promise ($1.4m) and Early Impact Virginia ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $28k (2.1% of expenses). At year end it held assets of $9.7m against liabilities of $9.2m, net assets of $461k.