The Whatcom Dream

Analysis

The Whatcom Dream is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Whatcom Dream reported income of $180k and spending of $137k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $155k to $180k (+17%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Whatcom Dream sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include Angels for Warriors Inc ($180k), Marvelous Lifestyles Outreach Corporation ($180k) and Esteem a Total Transformation ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $100k (73% of expenses). At year end it held assets of $405k against liabilities of $210k, net assets of $196k. It reported 2 employees.