The Impossible Dream Inc

Analysis

The Impossible Dream Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2015, 11 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, The Impossible Dream Inc reported income of $586k and spending of $432k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $586k (+212%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Impossible Dream Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Ames Soccer Club ($586k), Hyde County Parks & Recreation ($586k) and USA Pentathlon Inc ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $55k (13% of expenses). At year end it held assets of $369k against liabilities of $209k, net assets of $159k.