Developing Dreams Foundation Inc

Analysis

Developing Dreams Foundation Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Developing Dreams Foundation Inc reported income of $107k and spending of $99k, spending 93% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $113k to $107k (-4.9%), an average of -4.9% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Developing Dreams Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Greer Cultural Arts Council Inc ($107k), Texas Dance Hall Preservation Inc ($107k) and Lexington Live Community Theatre ($107k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 54% of the total. At year end it held assets of $7,986 against liabilities of $0, net assets of $7,986.