Imagine Housing Communities

Analysis

Imagine Housing Communities is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Imagine Housing Communities reported income of $881k and spending of $1.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $881k (+32%), an average of +7.2% a year. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Imagine Housing Communities sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Boy Scouts of America ($881k), Boys & Girls Club of Kingsville Inc ($881k) and Bergenfield School Age Child Care Center Inc ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $199k. At year end it held assets of $8.8m against liabilities of $6.1m, net assets of $2.7m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.