Believe in Dreams

Analysis

Believe in Dreams is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Believe in Dreams reported income of $639k and spending of $565k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $639k (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Believe in Dreams 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 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Ferdinand P Herff Estate ($639k), First Midwest Charitable Trust ($640k) and International Foundation for Cdkl5 Research ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $204k. At year end it held assets of $180k against liabilities of $16k, net assets of $164k. It reported 8 employees.