Dreamality Inc

Analysis

Dreamality Inc is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Dreamality Inc reported income of $215k and spending of $197k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $188k to $215k (+15%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dreamality Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Spirito ($215k), Northern Virginia Fine Arts Association ($215k) and Musicians Incorporated ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $95k (48% of expenses). At year end it held assets of $85k against liabilities of $5,025, net assets of $80k.