Quick charity verification for Imaginenations Group Inc (EIN: 113669587)
Verdict: Imaginenations Group Inc appears trustworthy
85/100Mission Score
$165KRevenue
$410KAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $687,459 in 2019 to $65,000 in 2022)
Expenses exceeding revenue in multiple periods (e.g., 2020, 2017, 2016, 2014) without clear explanation in the provided data.
Strengths
Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
Healthy asset base relative to liabilities, demonstrating financial stability.
Consistent filing of IRS Form 990s over 13 periods, showing strong transparency.
Strong program spending ratio, inferred from zero officer compensation and overall expense levels.
Spending Breakdown
How Imaginenations Group Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Imaginenations Group Inc
Is Imaginenations Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Imaginenations Group Inc (EIN: 113669587) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Imaginenations Group Inc a good charity to donate to?
Imaginenations Group Inc has a Mission Score of 85/100. Revenue: $165K. Assets: $410K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Imaginenations Group Inc?
The Employer Identification Number (EIN) for Imaginenations Group Inc is 113669587. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Imaginenations Group Inc spend its money?
Imaginenations Group Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Imaginenations Group Inc's tax-exempt status?
You can verify Imaginenations Group Inc's tax-exempt status using EIN 113669587 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Imaginenations Group Inc demonstrates a fluctuating financial performance over the past decade, with significant swings in revenue and expenses. For instance, revenue peaked at $687,459 in 2019 but dropped to $65,000 in 2022 before recovering to $117,895 in 2023. Despite these fluctuations, the organization has consistently maintained a healthy asset base, with assets ranging from $409,925 to $781,728, and relatively low liabilities, indicating good financial stability. The organization's consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency.
The organization's spending efficiency appears to be strong in recent years, with expenses significantly lower than revenue in 2023 ($69,597 expenses vs. $117,895 revenue) and 2022 ($42,627 expenses vs. $65,000 revenue), allowing for asset growth. However, there were periods, such as 2020 and 2014, where expenses exceeded revenue, indicating potential operational challenges or strategic investments during those times. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency, providing a clear historical record of its financial activities for public scrutiny.