Dream Project Inc

Analysis

Dream Project Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Dream Project Inc reported income of $826k and spending of $781k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $644k to $826k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dream Project 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 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Zeta Beta Tau Foundation Inc ($826k), Solutions Counseling & Family Therapy ($826k) and Johnston Community College Foundation Inc ($826k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $232k. At year end it held assets of $1.1m against liabilities of $209k, net assets of $907k. It reported 5 employees.