Invest Collegiate Imagine Inc

Analysis

Invest Collegiate Imagine Inc is a registered charity in United States, based in Asheville, NC. 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Invest Collegiate Imagine Inc reported income of $15.1m and spending of $15.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $15.1m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Invest Collegiate Imagine Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Sinquefield Center for Research Inc ($15.1m), Housing Northwest Inc ($15.1m) and American Association of Colleges and Universities ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $155k (1.0% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $39.4m against liabilities of $51.3m, net assets of -$11.9m. It reported 241 employees.