Woodward Dream Cruise Inc

Analysis

Woodward Dream Cruise Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in September 2009, 17 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, Woodward Dream Cruise Inc reported income of $533k and spending of $510k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $601k to $533k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 1380%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Woodward Dream Cruise Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Many Hands Inc ($532k), Leading to Movement Inc ($533k) and 180 House Inc ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.