Imagine North Carolina First
EIN: 464006055 · Raleigh, NC · NTEE: V22
| Metric | Value |
|---|---|
| Total Revenue | $16.1M |
| Total Expenses | $7.6M |
| Net Assets | $264K |
Is Imagine North Carolina First Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Imagine North Carolina First
Imagine North Carolina First (EIN: 464006055) is a nonprofit organization based in Raleigh, NC, classified under NTEE code V22. The organization reported total revenue of $16.1M and total assets of $864K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Imagine North Carolina First's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Imagine North Carolina First is a large nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 62.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $7.6M |
| Surplus / Deficit | $-1,468,990 |
| Total Assets | $265K |
| Total Liabilities | $1K |
| Net Assets | $264K |
| Operating Margin | -23.9% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2022, Imagine North Carolina First reported a deficit of $1.5M with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 9 years of filings (2014–2022), Imagine North Carolina First's revenue has grown at a compound annual growth rate (CAGR) of 62.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +45.4% | +120.4% | -84.8% |
| 2021 | -6.3% | -38.2% | +81.0% |
| 2020 | +31.7% | +89.2% | -52.8% |
| 2019 | -41.6% | -60.0% | +30.1% |
| 2018 | +39.4% | +369.0% | -49.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Imagine North Carolina First has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Imagine North Carolina First with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Imagine North Carolina First
Is Imagine North Carolina First a legitimate charity?
Imagine North Carolina First (EIN: 464006055) is a registered tax-exempt nonprofit based in North Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $16.1M. No red flags identified. Financial health grade: C.
How does Imagine North Carolina First spend its money?
Imagine North Carolina First reported $16.1M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Imagine North Carolina First tax-deductible?
Imagine North Carolina First is registered as a tax-exempt nonprofit (EIN: 464006055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Imagine North Carolina First located?
Imagine North Carolina First is headquartered in Raleigh, North Carolina and files with the IRS under EIN 464006055. It is classified under NTEE code V22.
How many years of IRS 990 filings does Imagine North Carolina First have?
Imagine North Carolina First has 9 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 $16.1M in total revenue.
Filing History
IRS 990 filing history for Imagine North Carolina First showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2022), Imagine North Carolina First's revenue has grown by 4849.9%, moving from $124K to $6.1M. Total assets increased by 28887% over the same period, from $915 to $265K. Total functional expenses rose by 6066.9%, from $123K to $7.6M. In its most recent filing year (2022), Imagine North Carolina First reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1K in liabilities against $265K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $264K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $6.1M | $7.6M | $265K | $1K | — | View 990 |
| 2021 | $4.2M | $3.4M | $1.7M | $14K | — | View 990 |
| 2020 | $4.5M | $5.6M | $965K | $2K | — | — |
| 2019 | $3.4M | $2.9M | $2.0M | $3K | — | View 990 |
| 2018 | $5.9M | $7.4M | $1.6M | $2K | — | View 990 |
| 2017 | $4.2M | $1.6M | $3.1M | $16K | — | View 990 |
| 2016 | $3.3M | $3.2M | $443K | $796 | — | View 990 |
| 2015 | $1.3M | $920K | $334K | $363 | — | View 990 |
| 2014 | $124K | $123K | $915 | $280 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $6.1M, expenses of $7.6M, and assets of $265K (revenue +45.4% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.4M, and assets of $1.7M (revenue -6.3% year-over-year).
- 2020: Revenue of $4.5M, expenses of $5.6M, and assets of $965K (revenue +31.7% year-over-year).
- 2019: Revenue of $3.4M, expenses of $2.9M, and assets of $2.0M (revenue -41.6% year-over-year).
- 2018: Revenue of $5.9M, expenses of $7.4M, and assets of $1.6M (revenue +39.4% year-over-year).
- 2017: Revenue of $4.2M, expenses of $1.6M, and assets of $3.1M (revenue +27.7% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.2M, and assets of $443K (revenue +162.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $920K, and assets of $334K (revenue +911.8% year-over-year).
- 2014: Revenue of $124K, expenses of $123K, and assets of $915.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Imagine North Carolina First:
Data Sources and Methodology
This transparency report for Imagine North Carolina First 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.