Imagine Elementary At Desert West
Imagine Elementary At Desert West shows balanced operations but a significant increase in liabilities in its latest filing.
EIN: 204926729 · Phoenix, AZ · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $8.8M |
| Program Spending | 90% |
| Net Assets | $3.5M |
| Transparency Score | 85/100 |
Is Imagine Elementary At Desert West Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Imagine Elementary At Desert West directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Imagine Elementary At Desert West
Imagine Elementary At Desert West (EIN: 204926729) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code B29. The organization reported total revenue of $9.4M and total assets of $21.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Imagine Elementary At Desert West's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Imagine Elementary At Desert West is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $8.8M |
| Surplus / Deficit | $-27,938 |
| Total Assets | $21.7M |
| Total Liabilities | $18.2M |
| Net Assets | $3.5M |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 83.8% |
| Months of Reserves | 29.4 months |
Financial Health Grade: C
In 2023, Imagine Elementary At Desert West reported a deficit of $28K with expenses exceeding revenue, holds 29.4 months of operating reserves (strong position), has a debt-to-asset ratio of 83.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Imagine Elementary At Desert West's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +7.9% | +457.7% |
| 2022 | +11.5% | +9.7% | +12.8% |
| 2021 | +3.2% | +1.1% | +8.3% |
| 2020 | -1.5% | +2.7% | -5.2% |
| 2019 | +13.8% | +7.9% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Imagine Elementary At Desert West with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Imagine Elementary At Desert West allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer leadership model or that compensation is structured in a way not categorized as 'officer compensation' on the IRS Form 990. This practice, if accurate, indicates a high dedication of resources directly to the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Imagine Elementary At Desert West's IRS 990 filings:
- Significant increase in liabilities (from $344,980 to $18,181,614) without clear public explanation in the provided data.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Imagine Elementary At Desert West:
- Consistent revenue growth over the past decade, from $6,023,890 in 201406 to $8,816,961 in 202306.
- Expenses closely track revenues, indicating efficient utilization of funds for operational purposes.
- Reported 0% officer compensation across all filings, suggesting a strong commitment to mission-focused spending or a unique compensation structure.
- Substantial asset growth, particularly in the latest period, which could represent investment in long-term capacity.
Frequently Asked Questions about Imagine Elementary At Desert West
Is Imagine Elementary At Desert West a legitimate charity?
Imagine Elementary At Desert West (EIN: 204926729) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.4M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Imagine Elementary At Desert West spend its money?
Imagine Elementary At Desert West directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Imagine Elementary At Desert West tax-deductible?
Imagine Elementary At Desert West is registered as a tax-exempt nonprofit (EIN: 204926729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Imagine Elementary At Desert West's spending goes to programs?
Imagine Elementary At Desert West directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Imagine Elementary At Desert West compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Imagine Elementary At Desert West is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Imagine Elementary At Desert West located?
Imagine Elementary At Desert West is headquartered in Phoenix, Arizona and files with the IRS under EIN 204926729. It is classified under NTEE code B29.
How many years of IRS 990 filings does Imagine Elementary At Desert West have?
Imagine Elementary At Desert West has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.4M in total revenue.
What caused the substantial increase in assets and liabilities between the 202206 and 202306 fiscal periods?
The organization's assets jumped from $3,890,843 to $21,699,539, and liabilities from $344,980 to $18,181,614. This significant change likely indicates a major capital project, such as the acquisition or construction of new facilities, financed through debt.
How does Imagine Elementary At Desert West manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation suggests that either the organization's leadership is entirely volunteer-based, or that compensation for key executives is classified under other expense categories, or paid by a related entity, which would require further clarification.
What is the long-term plan for managing the increased liabilities of over $18 million?
With liabilities increasing to $18,181,614 in the 202306 period, understanding the repayment schedule, interest rates, and the organization's strategy for servicing this debt is crucial for assessing its financial sustainability.
Filing History
IRS 990 filing history for Imagine Elementary At Desert West showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Imagine Elementary At Desert West's revenue has grown by 80.5%, moving from $4.9M to $8.8M. Total assets increased by 2739.7% over the same period, from $764K to $21.7M. Total functional expenses rose by 77.2%, from $5.0M to $8.8M. In its most recent filing year (2023), Imagine Elementary At Desert West reported a deficit of $28K, with expenses exceeding revenue. The organization holds $18.2M in liabilities against $21.7M in assets (debt-to-asset ratio: 83.8%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.8M | $8.8M | $21.7M | $18.2M | — | View 990 |
| 2022 | $8.6M | $8.2M | $3.9M | $345K | — | View 990 |
| 2021 | $7.7M | $7.5M | $3.4M | $317K | — | View 990 |
| 2020 | $7.5M | $7.4M | $3.2M | $303K | — | View 990 |
| 2019 | $7.6M | $7.2M | $3.4M | $570K | — | View 990 |
| 2018 | $6.7M | $6.7M | $2.8M | $423K | — | View 990 |
| 2017 | $6.6M | $6.6M | $2.8M | $404K | — | View 990 |
| 2016 | $7.1M | $6.4M | $2.7M | $359K | — | View 990 |
| 2015 | $6.4M | $6.0M | $2.2M | $441K | — | View 990 |
| 2014 | $6.0M | $5.5M | $1.9M | $600K | — | View 990 |
| 2013 | $5.6M | $5.1M | $1.7M | $920K | — | View 990 |
| 2012 | $5.1M | $4.8M | $1.1M | $828K | — | View 990 |
| 2011 | $4.9M | $5.0M | $764K | $803K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.8M, expenses of $8.8M, and assets of $21.7M (revenue +2.4% year-over-year).
- 2022: Revenue of $8.6M, expenses of $8.2M, and assets of $3.9M (revenue +11.5% year-over-year).
- 2021: Revenue of $7.7M, expenses of $7.5M, and assets of $3.4M (revenue +3.2% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.4M, and assets of $3.2M (revenue -1.5% year-over-year).
- 2019: Revenue of $7.6M, expenses of $7.2M, and assets of $3.4M (revenue +13.8% year-over-year).
- 2018: Revenue of $6.7M, expenses of $6.7M, and assets of $2.8M (revenue +1.3% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.6M, and assets of $2.8M (revenue -6.7% year-over-year).
- 2016: Revenue of $7.1M, expenses of $6.4M, and assets of $2.7M (revenue +10.6% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.0M, and assets of $2.2M (revenue +6.0% year-over-year).
- 2014: Revenue of $6.0M, expenses of $5.5M, and assets of $1.9M (revenue +8.2% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.1M, and assets of $1.7M (revenue +9.1% year-over-year).
- 2012: Revenue of $5.1M, expenses of $4.8M, and assets of $1.1M (revenue +4.4% year-over-year).
- 2011: Revenue of $4.9M, expenses of $5.0M, and assets of $764K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Imagine Elementary At Desert West:
Data Sources and Methodology
This transparency report for Imagine Elementary At Desert West is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.