Growing Dreams Learning Center Inc

Analysis

Growing Dreams Learning Center Inc is a registered charity in United States, based in Freeman, SD. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Growing Dreams Learning Center Inc reported income of $116k and spending of $162k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $207k to $116k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growing Dreams Learning Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within SD. Charities of a similar size with the same main cause include Foundation of the Arc of Archorage ($116k), Big Timber Community Food Bank ($116k) and Love Foundation Corp ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Other salaries and wages came to $119k. At year end it held assets of $53k against liabilities of $3,157, net assets of $50k. It reported 10 employees.