Dreams for Kids

Analysis

Dreams for Kids is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 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, Dreams for Kids reported income of $1.5m and spending of $3.2m, spending 206% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dreams for Kids sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Steel City Squash Inc ($1.5m), Memphis Lift Parent Institute ($1.5m) and Dakotas Area Electrical Apprenticeship & Training Fund Tru ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $6.0m against liabilities of $3.3m, net assets of $2.6m. It reported 18 employees.