Project Imo Inc

Analysis

Project Imo Inc is a registered charity in United States, based in North Windham, CT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Project Imo Inc reported income of $141k and spending of $113k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $141k (+462%), an average of +462% a year. The sharpest change came in the year to December 2023, when income rose by 462%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Imo Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Friends of the Sae ($141k), Whitehouse Isd Education Foundation ($141k) and Greater Chambersburg Chamber Foundation ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $46k against liabilities of $5,363, net assets of $40k.