Have Dreams

Analysis

Have Dreams is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Have Dreams reported income of $1.8m and spending of $1.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Have Dreams sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Advertising Women of New York Foundation Inc ($1.8m), Southern Sector Rising ($1.8m) and North Florida Workforce Development Board Inc NFWDB ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $242k (13% of expenses). Other salaries and wages came to $700k. At year end it held assets of $3.0m against liabilities of $1.9m, net assets of $1.2m. It reported 34 employees.