Imadi Inc

Analysis

Imadi Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Imadi Inc reported income of $1.1m and spending of $761k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.0m to $1.1m (+13%), an average of +13% a year. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Imadi Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Lifemark Inc ($1.1m), Brothers United in Leadership Development Build ($1.1m) and Neighborhood Design Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $150k (20% of expenses). Other salaries and wages came to $119k. At year end it held assets of $950k against liabilities of $92k, net assets of $858k. It reported 9 employees.