Dreams with Wings Inc

Analysis

Dreams with Wings Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dreams with Wings Inc reported income of $6.9m and spending of $5.4m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $6.9m (+49%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dreams with Wings Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Greene County Council on Aging ($6.9m), Harford Community Action Agency Inc ($6.9m) and National Center for American Indian Enterprise Development ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $92k (1.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.0m against liabilities of $665k, net assets of $4.4m. It reported 184 employees.