Follow a Dream Inc

Analysis

Follow a Dream Inc is a registered charity in United States, based in Marstons Mills, MA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Follow a Dream Inc reported income of $69k and spending of $200k, spending 290% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $69k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 342% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Follow a Dream Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Counseling Center in the Berkshires Inc ($69k), Mott Ambulance Service ($69k) and Restoration Home Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Other salaries and wages came to $29k. At year end it held assets of $37k against liabilities of $944k, net assets of -$907k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.