Garden of Dreams Foundation

Analysis

Garden of Dreams Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 August 2023, Garden of Dreams Foundation reported income of $6.0m and spending of $6.3m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.5m to $6.0m (-30%), an average of -8.5% a year. The sharpest change came in the year to August 2022, when income rose by 272%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Garden of Dreams Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Jewish Federation of Orange County ($6.0m), Parker Family Foundation ($6.0m) and Indianapolis Colts Foundation Inc ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.0m against liabilities of $530k, net assets of $3.5m.