Adventurous Minds Produce Extraordinary Dreams Inc

Analysis

Adventurous Minds Produce Extraordinary Dreams Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adventurous Minds Produce Extraordinary Dreams Inc reported income of $3.5m and spending of $3.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $3.5m (+579%), an average of +61% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adventurous Minds Produce Extraordinary Dreams Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Allentown Symphony Association Inc ($3.5m), San Jose Childrens Musical Theater ($3.5m) and Actors Gang Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $136k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.1m against liabilities of $3.9m, net assets of $5.3m. It reported 20 employees.