Common Dreams Inc

Analysis

Common Dreams Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 December 2023, Common Dreams Inc reported income of $1.2m and spending of $1.4m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Common Dreams Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within ME. Charities of a similar size with the same main cause include National Society of Colonial Dames of America CT State ($1.2m), See Science Center Inc ($1.2m) and Economic Fundamentals Initiative Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $189k (13% of expenses). Other salaries and wages came to $704k. At year end it held assets of $273k against liabilities of $0, net assets of $273k. It reported 13 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.