Imagine Academy LLC

Analysis

Imagine Academy LLC is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Imagine Academy LLC reported income of $369k and spending of $335k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $193k to $369k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Imagine Academy LLC sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include MNC 1240 Valencia Inc ($369k), Michaels Daughter Foundation ($369k) and Pop Warner Little Scholars Inc ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $195k (58% of expenses). At year end it held assets of $110k against liabilities of $16k, net assets of $94k.