Imagine Foundation

Analysis

Imagine Foundation is a registered charity in United States, based in Lafayette, CO. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Imagine Foundation reported income of $882k and spending of $928k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $721k to $882k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Imagine Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Humboldt Domestic Violence Services ($881k), Childrens Center at Suny Brooklyn Inc ($882k) and Gwinnett Childrens Food Umbrella Inc ($881k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $12k (1.3% of expenses). At year end it held assets of $114k against liabilities of $994, net assets of $113k.