League of Dreams Inc

Analysis

League of Dreams Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, League of Dreams Inc reported income of $115k and spending of $146k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $115k (-9.3%), an average of -9.3% a year. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, League of Dreams Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Competitive Wake Surf Association Inc ($115k), Kplay Playgrounds for All ($115k) and The Benicia Stingray Swim Team ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.