Code the Dream Inc

Analysis

Code the Dream Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Code the Dream Inc reported income of $5.9m and spending of $4.4m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $816k to $5.9m (+621%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Code the Dream Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Archway Classical Academy Central Scottsdale ($5.9m), American Heritage Charter School ($5.9m) and Henry Ford Learning Institute ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $386k (8.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.6m against liabilities of $1.3m, net assets of $3.3m. It reported 79 employees.