Student Dream

Analysis

Student Dream is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Student Dream reported income of $78k and spending of $93k, spending 119% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income fell from $226k to $78k (-65%), an average of -41% a year. The sharpest change came in the year to July 2023, when income dropped by 50%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Student Dream sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Happy Hats for Kids ($78k), Triangle Alano Club Inc ($78k) and Nations One Community Development Corporation Inc ($78k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $35k (37% of expenses). It paid $6,009 in professional fundraising fees. At year end it held assets of $17k against liabilities of $0, net assets of $17k. It reported 1 employees.