Dream It Do It Western New York Inc

Analysis

Dream It Do It Western New York Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in May 2002, 24 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 June 2023, Dream It Do It Western New York Inc reported income of $171k and spending of $177k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $240k to $171k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dream It Do It Western New York Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include New Jersey Coastal Coalition Inc ($171k), Legacy Band Boosters ($171k) and Hicks Canyon Elementary School Parent Teacher Organization ($171k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $104k. At year end it held assets of $146k against liabilities of $49k, net assets of $96k.

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.