Rhythmic Dreams Inc

Analysis

Rhythmic Dreams Inc is a registered charity in United States, based in Canton, MA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Rhythmic Dreams Inc reported income of $263k and spending of $153k, leaving 42% of income unspent that year. Across the 4 years on record, from July 2019 to July 2024, income fell from $385k to $263k (-32%), an average of -12% a year. The sharpest change came in the year to July 2022, when income dropped by 100%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rhythmic Dreams Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Medford Recreational Hockey Association Inc ($263k), Saginaw Bay Youth Athletic Organization ($263k) and Bright Side Youth Ranch Inc ($263k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $283k against liabilities of $158k, net assets of $125k. It reported 13 employees.