Follow Your Dream Foundation Inc

Analysis

Follow Your Dream Foundation Inc is a registered charity in United States, based in Ross, CA. It received its IRS tax-exemption ruling in December 2009, 17 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 (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, Follow Your Dream Foundation Inc reported income of $140k and spending of $217k, spending 155% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $201k to $140k (-30%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 280% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Follow Your Dream Foundation Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Barefoot Foundation ($140k), International Organization of Lace Inc ($140k) and Russian Orthodox Sacred Sites in Alaska Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $33k against liabilities of $1.5m, net assets of -$1.5m.