League of Dreams Inc

Analysis

League of Dreams Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, League of Dreams Inc reported income of $440k and spending of $305k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $440k (+135%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 65% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, League of Dreams Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Rec Place Afterschool Inc ($440k), Park County Arena Board ($440k) and Arlington Cal Ripken Babe Ruth ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 3.9% of the total. Other salaries and wages came to $72k. At year end it held assets of $597k against liabilities of $17k, net assets of $581k. It reported 4 employees.