Gleasons Give a Kid a Dream Inc

Analysis

Gleasons Give a Kid a Dream Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Gleasons Give a Kid a Dream Inc reported income of $184k and spending of $209k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $21k to $184k (+783%), an average of +197% a year. The sharpest change came in the year to December 2022, when income rose by 393%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gleasons Give a Kid a Dream Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Hawaii Parkinson Association Inc ($184k), Mid-Michigan Charitable Foundation ($184k) and Bikepacking Roots ($184k).

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 $73k against liabilities of $86k, net assets of -$13k.

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.