Childrens Dream Fund Inc

Analysis

Childrens Dream Fund Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 1983, 43 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 December 2023, Childrens Dream Fund Inc reported income of $2.6m and spending of $2.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.6m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Dream Fund Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Boys and Girls Clubs of Western Nevada ($2.6m), Kenny Rogers Childrens Center ($2.6m) and Ashland Area Young Mens Christian Association ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $171k (5.8% of expenses). Other salaries and wages came to $481k. At year end it held assets of $1.9m against liabilities of $90k, net assets of $1.8m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.