Imagine Housing

Analysis

Imagine Housing is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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, Imagine Housing reported income of $9.1m and spending of $9.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $9.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Imagine Housing sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include United States Naval Institute ($9.1m), Claremont Inst for the Study of Statesmanship & Polit Philosophy ($9.1m) and Womens Foundation of California ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 69% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $51.7m against liabilities of $34.3m, net assets of $17.5m. It reported 43 employees.