We Grow Dreams Inc

Analysis

We Grow Dreams Inc is a registered charity in United States, based in West Chicago, IL. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, We Grow Dreams Inc reported income of $507k and spending of $345k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2018 to December 2021, income grew from $315k to $507k (+61%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, We Grow Dreams Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include San Francisco Transit Riders ($507k), Community Renaissance Fund ($507k) and Downtown Oxnard Improvement Association ($506k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $30k (8.7% of expenses). Other salaries and wages came to $56k. At year end it held assets of $775k against liabilities of $569k, net assets of $206k. It reported 48 employees.