Imagine Awards

Analysis

Imagine Awards is a registered charity in United States, based in Bohemia, NY. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Imagine Awards reported income of $406k and spending of $417k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $347k to $406k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Imagine Awards sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Roy Maas Youth Alternatives Foundation ($406k), Provident Charities Inc ($406k) and Payne Foundation ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. At year end it held assets of $79k against liabilities of $72k, net assets of $6,657.