Allies Dream Inc

Analysis

Allies Dream Inc is a registered charity in United States, based in Woodbridge, CT. It received its IRS tax-exemption ruling in May 2014, 12 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, Allies Dream Inc reported income of $205k and spending of $171k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $205k (+101%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allies Dream Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Pioneer Engineers Club of Indiana Inc ($205k), Wheelhouse Theater Company Inc ($205k) and Pennsylvania Philharmonic ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $121k. At year end it held assets of $112k against liabilities of $0, net assets of $112k. It reported 4 employees.