Imagine Possibilities Inc

Analysis

Imagine Possibilities Inc is a registered charity in United States, based in Aloha, OR. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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 June 2023, Imagine Possibilities Inc reported income of $1.2m and spending of $934k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.2m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Imagine Possibilities 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 82nd percentile within OR. Charities of a similar size with the same main cause include Foundation for Applied Construction Technology for Students Inc ($1.2m), Impact Foundry ($1.2m) and Human Growth Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $114k (12% of expenses). Other salaries and wages came to $547k. At year end it held assets of $1.2m against liabilities of $83k, net assets of $1.1m. It reported 22 employees.