Dreams for Schools

Analysis

Dreams for Schools is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in July 2013, 13 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 (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, Dreams for Schools reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $1.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dreams for Schools sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Nimbus Arts ($1.2m), Cheyenne Depot Museum Inc ($1.2m) and Firehouse Performing Arts Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $104k (9.8% of expenses). Other salaries and wages came to $419k. At year end it held assets of $1.2m against liabilities of $3,315, net assets of $1.2m. It reported 82 employees.