Dreaming Out Loud Foundation

Analysis

Dreaming Out Loud Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Dreaming Out Loud Foundation reported income of $3.0m and spending of $3.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $653k to $3.0m (+364%), an average of +47% a year. The sharpest change came in the year to September 2020, when income rose by 219%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dreaming Out Loud Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 73rd percentile within DC. Charities of a similar size with the same main cause include Network Connect Inc ($3.0m), Boys & Girls Club of Moorpark & Simi Valley Inc ($3.0m) and Institute for the Development of African American Youth Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $85k (2.7% of expenses). Other salaries and wages came to $932k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 33 employees.