Pieces of a Dream Inc

Analysis

Pieces of a Dream Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Pieces of a Dream Inc reported income of $138k and spending of $97k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $138k to $138k (-0.2%), an average of -0.2% a year. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pieces of a Dream Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 39th percentile within DE. Charities of a similar size with the same main cause include Museum of the Albemarle Inc ($138k), Overflow Fine Arts Inc ($138k) and Artsrock of Rockland Inc ($138k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 35% and program service revenue 54% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.