Imagine Los Angeles Inc
Imagine Los Angeles Inc shows consistent growth and strong asset building with no reported officer compensation.
EIN: 204637089 · Los Angeles, CA · NTEE: P85 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.6M |
| Transparency Score | 92/100 |
Is Imagine Los Angeles Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Imagine Los Angeles Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Imagine Los Angeles Inc
Imagine Los Angeles Inc (EIN: 204637089) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code P85. The organization reported total revenue of $2.6M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Imagine Los Angeles Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Imagine Los Angeles Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-202,902 |
| Total Assets | $2.2M |
| Total Liabilities | $593K |
| Net Assets | $1.6M |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 27.2% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Imagine Los Angeles Inc reported a deficit of $203K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 27.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Imagine Los Angeles Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.6% | +2.1% | +10.1% |
| 2022 | +44.1% | +46.2% | +58.4% |
| 2021 | +47.3% | +13.4% | +71.2% |
| 2020 | +7.4% | +27.4% | -5.6% |
| 2019 | +19.5% | +16.9% | +38.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Los Angeles Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Imagine Los Angeles Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $203K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size, with revenues approaching $3 million, and suggests a strong commitment to directing funds to its 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 Los Angeles Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal year (2023), leading to a deficit of over $200,000.
- Consistent 0% officer compensation is unusual for an organization of this scale and warrants further inquiry into how leadership is supported or compensated.
Strengths
The following positive indicators were identified for Imagine Los Angeles Inc:
- Consistent revenue growth over the past decade, from $907,315 in 2014 to $2,844,455 in 2023.
- Significant and sustained asset growth, increasing from $306,449 in 2014 to $2,184,128 in 2023.
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to programs.
- Strong balance sheet with assets significantly exceeding liabilities, demonstrating financial stability.
- Generally efficient spending with revenue often exceeding expenses in most years.
Frequently Asked Questions about Imagine Los Angeles Inc
Is Imagine Los Angeles Inc a legitimate charity?
Imagine Los Angeles Inc (EIN: 204637089) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Imagine Los Angeles Inc spend its money?
Imagine Los Angeles Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Imagine Los Angeles Inc tax-deductible?
Imagine Los Angeles Inc is registered as a tax-exempt nonprofit (EIN: 204637089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Imagine Los Angeles Inc CEO make?
Imagine Los Angeles Inc's highest-compensated officer earns $3 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Imagine Los Angeles Inc's spending goes to programs?
Imagine Los Angeles Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Imagine Los Angeles Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Imagine Los Angeles Inc is above average for NTEE category P85 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Imagine Los Angeles Inc located?
Imagine Los Angeles Inc is headquartered in Los Angeles, California and files with the IRS under EIN 204637089. It is classified under NTEE code P85.
How many years of IRS 990 filings does Imagine Los Angeles Inc have?
Imagine Los Angeles Inc 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 $2.6M in total revenue.
How does Imagine Los Angeles Inc manage to operate without reported officer compensation?
The consistent 0% officer compensation across all filings is highly unusual for an organization of this size. It could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is structured in a way not captured under 'officer compensation' on the 990. Further investigation into their operational model would be beneficial.
What caused the deficit in the 2023 fiscal year?
In 2023, Imagine Los Angeles Inc reported expenses of $3,047,357 against revenues of $2,844,455, resulting in a deficit of approximately $202,902. This contrasts with previous years where revenue often exceeded expenses. The specific reasons for this increase in expenses relative to revenue would require a deeper dive into their detailed financial statements, but it could be due to strategic investments, one-time costs, or a temporary dip in funding.
Is the organization's asset growth sustainable?
Imagine Los Angeles Inc has shown remarkable asset growth, from $306,449 in 2014 to $2,184,128 in 2023. This growth, coupled with relatively low liabilities, suggests a strong financial foundation. As long as revenue generation remains robust and expenses are managed, this asset growth appears sustainable and indicative of good financial health.
Filing History
IRS 990 filing history for Imagine Los Angeles Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Imagine Los Angeles Inc's revenue has grown by 317%, moving from $682K to $2.8M. Total assets increased by 739.6% over the same period, from $260K to $2.2M. Total functional expenses rose by 455%, from $549K to $3.0M. In its most recent filing year (2023), Imagine Los Angeles Inc reported a deficit of $203K, with expenses exceeding revenue. The organization holds $593K in liabilities against $2.2M in assets (debt-to-asset ratio: 27.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.0M | $2.2M | $593K | — | View 990 |
| 2022 | $3.7M | $3.0M | $2.0M | $191K | — | View 990 |
| 2021 | $2.5M | $2.0M | $1.3M | $148K | — | View 990 |
| 2020 | $1.7M | $1.8M | $732K | $135K | — | — |
| 2019 | $1.6M | $1.4M | $775K | $109K | — | View 990 |
| 2018 | $1.3M | $1.2M | $560K | $92K | — | View 990 |
| 2017 | $1.1M | $1.1M | $395K | $67K | — | View 990 |
| 2016 | $982K | $1.0M | $353K | $105K | — | View 990 |
| 2015 | $899K | $899K | $361K | $83K | — | View 990 |
| 2014 | $907K | $728K | $306K | $28K | — | View 990 |
| 2013 | $511K | $664K | $115K | $16K | — | View 990 |
| 2012 | $710K | $703K | $263K | $10K | — | View 990 |
| 2011 | $682K | $549K | $260K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.0M, and assets of $2.2M (revenue -22.6% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.0M, and assets of $2.0M (revenue +44.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.0M, and assets of $1.3M (revenue +47.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $732K (revenue +7.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $775K (revenue +19.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $560K (revenue +18.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $395K (revenue +15.7% year-over-year).
- 2016: Revenue of $982K, expenses of $1.0M, and assets of $353K (revenue +9.2% year-over-year).
- 2015: Revenue of $899K, expenses of $899K, and assets of $361K (revenue -0.9% year-over-year).
- 2014: Revenue of $907K, expenses of $728K, and assets of $306K (revenue +77.7% year-over-year).
- 2013: Revenue of $511K, expenses of $664K, and assets of $115K (revenue -28.1% year-over-year).
- 2012: Revenue of $710K, expenses of $703K, and assets of $263K (revenue +4.1% year-over-year).
- 2011: Revenue of $682K, expenses of $549K, and assets of $260K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Imagine Los Angeles Inc:
Data Sources and Methodology
This transparency report for Imagine Los Angeles Inc 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.