Summer Dreams

Analysis

Summer Dreams is a registered charity in United States, based in Hunt, TX. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Summer Dreams reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.5m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Summer Dreams sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Tri-City United Soccer Club ($1.5m), Rancho Penasquitos Tennis Association Inc ($1.5m) and North Baltimore Aquatic Club Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $133k (7.8% of expenses). Other salaries and wages came to $439k. At year end it held assets of $4.2m against liabilities of $593k, net assets of $3.6m. It reported 95 employees.