US Dream Academy Inc

Analysis

US Dream Academy Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, US Dream Academy Inc reported income of $5.4m and spending of $4.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $5.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, US Dream Academy Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Boys & Girls Club of Southeast Georgia Inc ($5.4m), Hope Center Inc ($5.4m) and Sierra Nevada Journeys ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $368k (9.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.0m against liabilities of $285k, net assets of $2.8m. It reported 65 employees.