Imani Winds Foundation Inc

Analysis

Imani Winds Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Imani Winds Foundation Inc reported income of $926k and spending of $767k, spending 83% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $226k to $926k (+310%), an average of +103% a year. The sharpest change came in the year to August 2022, when income rose by 194%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Imani Winds Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Museum of Northern Arizonaendowment Foundation ($926k), National Marine Life Center Inc ($926k) and William Rockhill Nelson Trust ($925k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $191k (25% of expenses). Other salaries and wages came to $256k. At year end it held assets of $337k against liabilities of $11k, net assets of $325k. It reported 5 employees.