Arkansas Imagination Library

Analysis

Arkansas Imagination Library is a registered charity in United States, based in N Little Rock, AR. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Arkansas Imagination Library reported income of $391k and spending of $279k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $419k to $391k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arkansas Imagination Library sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within AR. Charities of a similar size with the same main cause include Federation of International Assoc for Public Participation ($391k), Burleson Higher Education Opportunity Fund ($391k) and Vestwood Education ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $77k. At year end it held assets of $2.0m against liabilities of $46, net assets of $2.0m. It reported 2 employees.