A Treasure of Dreams

Analysis

A Treasure of Dreams is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, A Treasure of Dreams reported income of $2.2m and spending of $2.3m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.2m (+17%), an average of +4.1% a year. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, A Treasure of Dreams sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include United Way of Sheboygan County Inc ($2.2m), Middletown Community Foundation ($2.2m) and Packages From Home ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $397k (17% of expenses). Other salaries and wages came to $800k. At year end it held assets of $74k against liabilities of $81k, net assets of -$6,567. It reported 52 employees.

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.