Letting Everyone Achieve Dreams

Analysis

Letting Everyone Achieve Dreams is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Letting Everyone Achieve Dreams reported income of $428k and spending of $447k, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $368k to $428k (+16%), an average of +3.8% a year. The sharpest change came in the year to August 2022, when income rose by 115%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Letting Everyone Achieve Dreams sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Marble Falls Isd Education Foundation ($428k), Avasara Foundation ($428k) and The Sizer Foundation Inc ($427k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $176k (39% of expenses). Other salaries and wages came to $7,985. It paid $2,000 in professional fundraising fees. At year end it held assets of $77k against liabilities of $0, net assets of $77k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.