I Have a Dream Foundation

Analysis

I Have a Dream Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 August 2023, I Have a Dream Foundation reported income of $4.2m and spending of $4.5m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $4.2m (+175%), an average of +29% a year. The sharpest change came in the year to August 2021, when income rose by 192%. Over the whole period it spent 99% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, I Have a Dream Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Lincoln-Lancaster County Child Advocacy Center ($4.2m), Justice in Motion Inc ($4.2m) and Jewish Community Center Charitable Supporting Foundation ($4.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $576k (13% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.5m against liabilities of $551k, net assets of $2.9m. It reported 49 employees.