Impossible Dream Inc

Analysis

Impossible Dream Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, Impossible Dream Inc reported income of $129k and spending of $142k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $129k (-6.3%), an average of -6.3% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Impossible Dream Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within RI. Charities of a similar size with the same main cause include Bethlehem House Inc ($129k), Scarborough Historical Society Inc ($129k) and Music Teachers National Association Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $52k, net assets of $18k.