Precious Dreams Foundation

Analysis

Precious Dreams Foundation is a registered charity in United States, based in Inwood, NY. It received its IRS tax-exemption ruling in February 2014, 12 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, Precious Dreams Foundation reported income of $475k and spending of $445k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $377k to $475k (+26%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Precious Dreams Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include District 1 Hospital Emergency Planning Committee Inc ($474k), Life Christian Foundation ($475k) and Watertown Foundation Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (20% of expenses). Other salaries and wages came to $56k. At year end it held assets of $305k against liabilities of $21k, net assets of $285k. It reported 4 employees.