Live the Dream Development Inc

Analysis

Live the Dream Development Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Live the Dream Development Inc reported income of $4.4m and spending of $1.7m, leaving 60% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $373k to $4.4m (+1085%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 197%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Live the Dream Development Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Nampa Christian Housing Inc ($4.4m), Echelon Housing Inc ($4.4m) and Housing Resource Center of Monterey County ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Other salaries and wages came to $6,751. At year end it held assets of $11.6m against liabilities of $7.8m, net assets of $3.7m. It reported 1 employees.