Imagine Schools Non Profit Inc
Imagine Schools Non Profit Inc. consistently operates at a deficit with growing assets offset by increasing liabilities.
EIN: 203590526 · Vienna, VA · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $86.2M |
| Total Expenses | $75.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $70 |
| Net Assets | $-3,735,948 |
| Transparency Score | 60/100 |
Is Imagine Schools Non Profit Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Imagine Schools Non Profit Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Imagine Schools Non Profit Inc
Imagine Schools Non Profit Inc (EIN: 203590526) is a nonprofit organization based in Vienna, VA, classified under NTEE code B200. The organization reported total revenue of $86.2M and total assets of $162.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Imagine Schools Non Profit Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Imagine Schools Non Profit Inc is a major nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71.9M |
| Total Expenses | $75.7M |
| Surplus / Deficit | $-3,791,861 |
| Total Assets | $158.7M |
| Total Liabilities | $162.5M |
| Net Assets | $-3,735,948 |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 102.4% |
| Months of Reserves | 25.2 months |
Financial Health Grade: C
In 2023, Imagine Schools Non Profit Inc reported a deficit of $3.8M with expenses exceeding revenue, holds 25.2 months of operating reserves (strong position), has a debt-to-asset ratio of 102.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Imagine Schools Non Profit Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.1% | +14.6% | -1.6% |
| 2022 | +6.7% | +8.7% | +53.3% |
| 2021 | +2.6% | +0.0% | +15.8% |
| 2020 | -1.9% | -1.0% | +31.8% |
| 2019 | +2.1% | +2.8% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
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 Schools Non Profit Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Imagine Schools Non Profit Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, suggesting that top officers are not directly paid by the nonprofit, which is highly unusual for an organization of this size with revenues exceeding $70 million.
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 Schools Non Profit Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in every reported period).
- High and growing liabilities, often exceeding or closely matching total assets, indicating significant debt.
- Unusual 0% officer compensation for a large organization, potentially indicating compensation through related entities or other non-transparent means.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Imagine Schools Non Profit Inc:
- Significant asset growth over the past decade, from $22M in 2014 to $158M in 2023.
- NTEE code B200 indicates a focus on elementary and secondary education, aligning with a direct service mission.
Frequently Asked Questions about Imagine Schools Non Profit Inc
Is Imagine Schools Non Profit Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Imagine Schools Non Profit Inc (EIN: 203590526) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Imagine Schools Non Profit Inc spend its money?
Imagine Schools Non Profit Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Imagine Schools Non Profit Inc tax-deductible?
Imagine Schools Non Profit Inc is registered as a tax-exempt nonprofit (EIN: 203590526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Imagine Schools Non Profit Inc CEO make?
Imagine Schools Non Profit Inc's highest-compensated officer earns $70 annually. The organization reported $86.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Imagine Schools Non Profit Inc's spending goes to programs?
Imagine Schools Non Profit Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Imagine Schools Non Profit Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Imagine Schools Non Profit Inc is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Imagine Schools Non Profit Inc located?
Imagine Schools Non Profit Inc is headquartered in Vienna, Virginia and files with the IRS under EIN 203590526. It is classified under NTEE code B200.
How many years of IRS 990 filings does Imagine Schools Non Profit Inc have?
Imagine Schools Non Profit 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 $86.2M in total revenue.
How does Imagine Schools Non Profit Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue. This suggests it relies on drawing down prior year surpluses, external financing, or other non-operating income sources not detailed in the provided summary to cover its operational costs.
What is the nature of the significant liabilities reported by the organization?
The liabilities have grown substantially, reaching $162,465,124 in 2023, often exceeding or closely matching assets. This indicates a heavy reliance on debt or other financial obligations, which could include mortgages, bonds, or other forms of borrowing to finance its operations and asset acquisition.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation for an organization of this scale is highly unusual. It could mean that executives are compensated by a related for-profit entity, through a different structure not reported as 'officer compensation' on the 990, or that they are truly unpaid volunteers, which is less likely for a large, complex organization.
Is the organization financially sustainable given its operational deficits?
The consistent operational deficits raise concerns about long-term financial sustainability. While asset growth is positive, if it's primarily debt-financed and operations continue to lose money, the organization may face challenges in the future without significant changes to its revenue or expense structure.
Filing History
IRS 990 filing history for Imagine Schools Non Profit Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Imagine Schools Non Profit Inc's revenue has declined by 12.9%, moving from $82.6M to $71.9M. Total assets increased by 1135.4% over the same period, from $12.8M to $158.7M. Total functional expenses fell by 4.3%, from $79.1M to $75.7M. In its most recent filing year (2023), Imagine Schools Non Profit Inc reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $162.5M in liabilities against $158.7M in assets (debt-to-asset ratio: 102.4%), resulting in net assets of $-3,735,948.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71.9M | $75.7M | $158.7M | $162.5M | — | — |
| 2022 | $62.5M | $66.1M | $161.3M | $161.3M | — | View 990 |
| 2021 | $58.6M | $60.8M | $105.2M | $101.6M | — | View 990 |
| 2020 | $57.1M | $60.8M | $90.8M | $85.0M | — | View 990 |
| 2019 | $58.2M | $61.4M | $68.9M | $59.5M | — | View 990 |
| 2018 | $57.0M | $59.7M | $67.1M | $54.3M | — | View 990 |
| 2017 | $64.8M | $70.1M | $64.8M | $45.6M | — | View 990 |
| 2016 | $57.7M | $68.1M | $65.3M | $42.5M | — | View 990 |
| 2015 | $121.7M | $56.7M | $68.6M | $35.2M | — | View 990 |
| 2014 | $98.7M | $103.5M | $22.4M | $55.5M | — | View 990 |
| 2013 | $87.3M | $97.2M | $21.5M | $49.9M | — | View 990 |
| 2012 | $93.7M | $97.7M | $23.0M | $42.5M | — | View 990 |
| 2011 | $82.6M | $79.1M | $12.8M | $12.9M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $71.9M, expenses of $75.7M, and assets of $158.7M (revenue +15.1% year-over-year).
- 2022: Revenue of $62.5M, expenses of $66.1M, and assets of $161.3M (revenue +6.7% year-over-year).
- 2021: Revenue of $58.6M, expenses of $60.8M, and assets of $105.2M (revenue +2.6% year-over-year).
- 2020: Revenue of $57.1M, expenses of $60.8M, and assets of $90.8M (revenue -1.9% year-over-year).
- 2019: Revenue of $58.2M, expenses of $61.4M, and assets of $68.9M (revenue +2.1% year-over-year).
- 2018: Revenue of $57.0M, expenses of $59.7M, and assets of $67.1M (revenue -12.0% year-over-year).
- 2017: Revenue of $64.8M, expenses of $70.1M, and assets of $64.8M (revenue +12.2% year-over-year).
- 2016: Revenue of $57.7M, expenses of $68.1M, and assets of $65.3M (revenue -52.5% year-over-year).
- 2015: Revenue of $121.7M, expenses of $56.7M, and assets of $68.6M (revenue +23.3% year-over-year).
- 2014: Revenue of $98.7M, expenses of $103.5M, and assets of $22.4M (revenue +13.0% year-over-year).
- 2013: Revenue of $87.3M, expenses of $97.2M, and assets of $21.5M (revenue -6.8% year-over-year).
- 2012: Revenue of $93.7M, expenses of $97.7M, and assets of $23.0M (revenue +13.5% year-over-year).
- 2011: Revenue of $82.6M, expenses of $79.1M, and assets of $12.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Imagine Schools Non Profit Inc:
Data Sources and Methodology
This transparency report for Imagine Schools Non Profit 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.