Imaginenations Group Inc
Imaginenations Group Inc shows fluctuating revenue but consistent asset growth and zero officer compensation.
EIN: 113669587 · Ellicott City, MD · NTEE: O05 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $165K |
| Total Expenses | $70K |
| Program Spending | 90% |
| Net Assets | $597K |
| Transparency Score | 85/100 |
Is Imaginenations Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Imaginenations Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Imaginenations Group Inc
Imaginenations Group Inc (EIN: 113669587) is a nonprofit organization based in Ellicott City, MD, classified under NTEE code O05. The organization reported total revenue of $165K and total assets of $410K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Imaginenations Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Imaginenations Group Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $70K |
| Surplus / Deficit | +$48K |
| Total Assets | $599K |
| Total Liabilities | $3K |
| Net Assets | $597K |
| Operating Margin | 41.0% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 103.3 months |
Financial Health Grade: A
In 2023, Imaginenations Group Inc reported a surplus of $48K with revenue exceeding expenses, holds 103.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Imaginenations Group Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.4% | +63.3% | +8.7% |
| 2022 | -44.0% | -51.4% | +3.2% |
| 2021 | -66.1% | -84.3% | -0.7% |
| 2020 | -50.2% | +5.5% | -31.2% |
| 2019 | +504.9% | +952.4% | +39.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Imaginenations Group Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Imaginenations Group Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Imaginenations Group Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational structure.
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 Imaginenations Group Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Imaginenations Group Inc:
- 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.
Frequently Asked Questions about Imaginenations Group Inc
Is Imaginenations Group Inc a legitimate charity?
Imaginenations Group Inc (EIN: 113669587) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $165K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Imaginenations Group Inc spend its money?
Imaginenations Group Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Imaginenations Group Inc tax-deductible?
Imaginenations Group Inc is registered as a tax-exempt nonprofit (EIN: 113669587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Imaginenations Group Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Imaginenations Group Inc is above average for NTEE category O05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Imaginenations Group Inc located?
Imaginenations Group Inc is headquartered in Ellicott City, Maryland and files with the IRS under EIN 113669587. It is classified under NTEE code O05.
How many years of IRS 990 filings does Imaginenations Group Inc have?
Imaginenations Group 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 $165K in total revenue.
Is Imaginenations Group Inc a good charity?
Based on the available data, Imaginenations Group Inc appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating a strong commitment to program spending. Its healthy asset base and low liabilities also suggest financial stability.
How does Imaginenations Group Inc manage its finances given the revenue fluctuations?
Despite significant revenue fluctuations, Imaginenations Group Inc has managed to maintain a strong asset base and low liabilities, suggesting effective financial management and possibly reliance on reserves during lower revenue periods, as seen in 2020 where expenses exceeded revenue but assets remained substantial.
What is the primary reason for the 0% officer compensation?
The consistent 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive compensation is covered through other means not reported as officer compensation on the 990, which is less common but possible. It strongly implies a high dedication to mission over administrative costs.
Filing History
IRS 990 filing history for Imaginenations Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Imaginenations Group Inc's revenue has declined by 90.8%, moving from $1.3M to $118K. Total assets decreased by 68.5% over the same period, from $1.9M to $599K. Total functional expenses fell by 97.2%, from $2.5M to $70K. In its most recent filing year (2023), Imaginenations Group Inc reported a surplus of $48K, with revenue exceeding expenses. The organization holds $3K in liabilities against $599K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $597K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $70K | $599K | $3K | — | — |
| 2022 | $65K | $43K | $551K | $3K | — | View 990 |
| 2021 | $116K | $88K | $534K | $8K | — | View 990 |
| 2020 | $343K | $559K | $538K | $40K | — | View 990 |
| 2019 | $687K | $530K | $782K | $73K | — | View 990 |
| 2018 | $114K | $50K | $559K | $8K | — | View 990 |
| 2017 | $80K | $96K | $496K | $8K | — | View 990 |
| 2016 | $28K | $161K | $513K | $9K | — | View 990 |
| 2015 | $462K | $367K | $675K | $37K | — | View 990 |
| 2014 | $308K | $481K | $675K | $134K | — | View 990 |
| 2013 | $575K | $2.1M | $889K | $174K | — | View 990 |
| 2012 | $2.5M | $1.9M | $2.5M | $357K | — | View 990 |
| 2011 | $1.3M | $2.5M | $1.9M | $366K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $70K, and assets of $599K (revenue +81.4% year-over-year).
- 2022: Revenue of $65K, expenses of $43K, and assets of $551K (revenue -44.0% year-over-year).
- 2021: Revenue of $116K, expenses of $88K, and assets of $534K (revenue -66.1% year-over-year).
- 2020: Revenue of $343K, expenses of $559K, and assets of $538K (revenue -50.2% year-over-year).
- 2019: Revenue of $687K, expenses of $530K, and assets of $782K (revenue +504.9% year-over-year).
- 2018: Revenue of $114K, expenses of $50K, and assets of $559K (revenue +41.4% year-over-year).
- 2017: Revenue of $80K, expenses of $96K, and assets of $496K (revenue +191.7% year-over-year).
- 2016: Revenue of $28K, expenses of $161K, and assets of $513K (revenue -94.0% year-over-year).
- 2015: Revenue of $462K, expenses of $367K, and assets of $675K (revenue +50.1% year-over-year).
- 2014: Revenue of $308K, expenses of $481K, and assets of $675K (revenue -46.5% year-over-year).
- 2013: Revenue of $575K, expenses of $2.1M, and assets of $889K (revenue -76.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $1.9M, and assets of $2.5M (revenue +95.3% year-over-year).
- 2011: Revenue of $1.3M, expenses of $2.5M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Imaginenations Group Inc:
Data Sources and Methodology
This transparency report for Imaginenations Group 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.