Tobys Dream Foundation Inc

Analysis

Tobys Dream Foundation Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Tobys Dream Foundation Inc reported income of $542k and spending of $275k, leaving 49% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $412k to $542k (+32%), an average of +9.6% a year. The sharpest change came in the year to March 2023, when income rose by 61%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tobys Dream Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Hope Against Trafficking ($542k), Infant Development Center of San Francisco ($542k) and Chananya Crisis Fund Inc ($542k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (25% of expenses). At year end it held assets of $683k against liabilities of $19k, net assets of $665k.