Journey to Dream Foundation

Analysis

Journey to Dream Foundation is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Journey to Dream Foundation reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $838k to $1.5m (+80%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Journey to Dream Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Osage Prairie YMCA Inc ($1.5m), Share the Dough ($1.5m) and Hillsdale County Agricultural ($1.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 51% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $139k (9.2% of expenses). Other salaries and wages came to $865k. At year end it held assets of $1.3m against liabilities of $449k, net assets of $858k. It reported 41 employees.