Fostering Dreams Project

Analysis

Fostering Dreams Project is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in March 2017, 9 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, Fostering Dreams Project reported income of $683k and spending of $335k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $206k to $683k (+232%), an average of +232% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fostering Dreams Project sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Travellers Rest Historic House Museum Inc ($683k), Theater Labrador Inc ($683k) and Childrens Discovery Foundation ($683k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $129k. At year end it held assets of $563k against liabilities of $22k, net assets of $541k. It reported 1 employees.