Chasing 7 Dreams

Analysis

Chasing 7 Dreams is a registered charity in United States, based in RCH Cucamonga, CA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chasing 7 Dreams reported income of $232k and spending of $240k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $232k (+294%), an average of +294% a year. The sharpest change came in the year to December 2023, when income rose by 294%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chasing 7 Dreams sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Everyday Sunshine ($232k), Lions Club of Carpinteria ($232k) and Ridin High Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $25k (11% of expenses). Other salaries and wages came to $15k. At year end it held assets of $34k against liabilities of $0, net assets of $34k. It reported 3 employees.