Boston Adventist Dream Academy Corporation

Analysis

Boston Adventist Dream Academy Corporation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boston Adventist Dream Academy Corporation reported income of $2.3m and spending of $345k, leaving 85% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $149k to $2.3m (+1437%), an average of +98% a year. The sharpest change came in the year to June 2023, when income rose by 489%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston Adventist Dream Academy Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Communities in Schools of New Mexico ($2.3m), Schools Mentoring & Resource Team ($2.3m) and Lutheran High Northeast ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $62k (18% of expenses). Other salaries and wages came to $83k. At year end it held assets of $3.1m against liabilities of $879k, net assets of $2.2m. It reported 4 employees.