Project Dream Inc

Analysis

Project Dream Inc is a registered charity in United States, based in Hays, KS. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 September 2023, Project Dream Inc reported income of $301k and spending of $322k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $311k to $301k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Dream Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KS. Charities of a similar size with the same main cause include Texas Electric Transportation Resources Alliance Education Fund ($301k), Oglebay Park-Oglebay Institute Trust ($301k) and Dublin Manor Inc ($301k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $98k (30% of expenses). Other salaries and wages came to $37k. At year end it held assets of $187k against liabilities of $3,331, net assets of $184k. It reported 5 employees.