Seven Dreams Foundation

Analysis

Seven Dreams Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Seven Dreams Foundation reported income of $83k and spending of $97k, spending 117% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $167k to $83k (-51%), an average of -51% a year. The sharpest change came in the year to June 2024, when income dropped by 51%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seven Dreams Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Diamond Charitable Foundation ($83k), Story Circle Network Inc ($83k) and Robert Hunter Parent Teacher Organization ($83k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $24k. At year end it held assets of $270k against liabilities of $177k, net assets of $93k. It reported 2 employees.