Ican Dream Center NFP

Analysis

Ican Dream Center NFP is a registered charity in United States, based in Tinley Park, IL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ican Dream Center NFP reported income of $4.1m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $821k to $4.1m (+400%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ican Dream Center NFP sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Silicon Valley Creates ($4.1m), Indij Public Media ($4.1m) and Andreas H Bechtler Arts Foundation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $191k (4.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.9m against liabilities of $1.8m, net assets of $58k. It reported 67 employees.