I Have a Dream Foundation - New Jersey Inc

Analysis

I Have a Dream Foundation - New Jersey Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, I Have a Dream Foundation - New Jersey Inc reported income of $282k and spending of $520k, spending 185% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $232k to $282k (+21%), an average of +6.7% a year. The sharpest change came in the year to June 2020, when income rose by 72%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, I Have a Dream Foundation - New Jersey Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Northern Lights Athletic Scholarship Foundation ($282k), Manara College a NJ Nonprofit Corporation ($282k) and Parents Nursery School Inc ($282k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $91k (18% of expenses). Other salaries and wages came to $180k. At year end it held assets of $354k against liabilities of $0, net assets of $354k. It reported 22 employees.