Imagine Black Futures

Analysis

Imagine Black Futures is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Imagine Black Futures reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $766k to $1.1m (+44%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Imagine Black Futures sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Gathering for Women - Monterey ($1.1m), Summer Place Inc ($1.1m) and Nebraska Diaper Bank ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $136k (11% of expenses). Other salaries and wages came to $173k. At year end it held assets of $1.6m against liabilities of $223k, net assets of $1.4m. It reported 11 employees.