Dream It Be It Incorporated

Analysis

Dream It Be It Incorporated is a registered charity in United States, based in Fortuna, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Dream It Be It Incorporated reported income of $441k and spending of $473k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $185k to $441k (+139%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dream It Be It Incorporated 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 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include The Alleghany Highlands Regional Library Inc ($441k), Arlington Heights High School All Sports Booster Club Inc ($441k) and East Side Institute for Group and Short Term Psychotherapy ($441k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 85% of the total. Other salaries and wages came to $244k. At year end it held assets of $2.9m against liabilities of $2.4m, net assets of $464k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.