Runway of Dreams Foundation

Analysis

Runway of Dreams Foundation is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in October 2014, 12 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, Runway of Dreams Foundation reported income of $1.1m and spending of $1.5m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 345%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Runway of Dreams Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Single Mothers Outreach Inc ($1.1m), Heavenly Kids Inc ($1.1m) and Promised Land Christian Academy Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $318k. At year end it held assets of $57k against liabilities of $391k, net assets of -$334k. It reported 6 employees.