I Have a Dream Foundation-Dallas

Analysis

I Have a Dream Foundation-Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, I Have a Dream Foundation-Dallas reported income of $240k and spending of $203k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $240k (+121%), an average of +121% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, I Have a Dream Foundation-Dallas sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include A Fair Shake for Youth Inc ($240k), Team 5 18 Ministries ($240k) and Guiding Light Mentoring ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $46k (23% of expenses). Other salaries and wages came to $76k. At year end it held assets of $174k against liabilities of $0, net assets of $174k. It reported 3 employees.