Dreams Come True of Jacksonville Inc

Analysis

Dreams Come True of Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 1990, 36 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 June 2023, Dreams Come True of Jacksonville Inc reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2020, when income rose by 112%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dreams Come True of Jacksonville Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Napa Valley Unified Educational Foundation ($3.3m), Naaso the Obesity Society Inc ($3.3m) and Ligonier Valley Learning Center Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $163k (5.1% of expenses). Other salaries and wages came to $471k. At year end it held assets of $10.1m against liabilities of $107k, net assets of $10.0m. It reported 9 employees.