Achieving Dreams

Analysis

Achieving Dreams is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Achieving Dreams reported income of $3.7m and spending of $2.8m, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.7m (+197%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Achieving Dreams sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include National Association of School Resource Officers Inc ($3.7m), Mission Quest ($3.7m) and Boys & Girls Clubs of Metro Richmond ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (2.4% of expenses). At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.