Dream Academy

Analysis

Dream Academy is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dream Academy reported income of $86k and spending of $98k, spending 114% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income fell from $109k to $86k (-21%), an average of -7.7% a year. The sharpest change came in the year to December 2019, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dream Academy sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Dos Palos Ag Boosters Inc ($86k), Sumner-Bonney Lake Education Foundation ($86k) and Kenny School Foundation Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $56k against liabilities of $48k, net assets of $7,469.