Foundation for Dreams Inc

Analysis

Foundation for Dreams Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 September 2023, Foundation for Dreams Inc reported income of $763k and spending of $901k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $854k to $763k (-11%), an average of -2.8% a year. The sharpest change came in the year to September 2023, when income dropped by 27%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Dreams Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Thought Leadership & Innovation Foundation ($763k), In Him Christian Wellness ($763k) and The Society for Worldwide Medical Exchange Inc ($763k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $119k (13% of expenses). Other salaries and wages came to $364k. At year end it held assets of $2.0m against liabilities of $67k, net assets of $2.0m. It reported 82 employees.