African Dream Academy Foundation Incorporated

Analysis

African Dream Academy Foundation Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, African Dream Academy Foundation Incorporated reported income of $388k and spending of $436k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $828k to $388k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, African Dream Academy Foundation 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 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Lifting Lives ($388k), Mercy and Grace Ministries Inc ($388k) and Hope Africa International ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $149k against liabilities of $1,395, net assets of $147k. It reported 1 employees.