Dream of Hattiesburg Inc

Analysis

Dream of Hattiesburg Inc is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 July 2024, Dream of Hattiesburg Inc reported income of $403k and spending of $403k, spending 100% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $238k to $403k (+69%), an average of +11% a year. The sharpest change came in the year to July 2024, when income rose by 79%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dream of Hattiesburg Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MS. Charities of a similar size with the same main cause include Chelsea Hutchison Foundation ($403k), Robert W Maxwell Memorial Football Club ($403k) and Montana Youth Diabetes Alliance Inc ($403k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $84k (21% of expenses). Other salaries and wages came to $50k. At year end it held assets of $357k against liabilities of $57k, net assets of $299k. It reported 3 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.