Dreamyard Project Inc

Analysis

Dreamyard Project Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Dreamyard Project Inc reported income of $7.0m and spending of $6.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $7.0m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dreamyard Project Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Northeast Organic Farming Association of Vermont ($7.0m), Friends of NC State Museum of Natural Sciences ($7.0m) and Marthas Vineyard Museum Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $326k (4.7% of expenses). Other salaries and wages came to $4.4m. It paid $5,142 in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $2.0m, net assets of $3.4m.