Building on Dreams

Analysis

Building on Dreams is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in July 2018, 8 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 June 2023, Building on Dreams reported income of $4.4m and spending of $3.1m, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $4.4m (+64%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building on Dreams sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Kidworks Community Development Corporation ($4.4m), Young Mens Christian Association Camp Belknap ($4.4m) and Childrens Fund Incorporated ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (2.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.8m against liabilities of $192k, net assets of $3.6m. It reported 40 employees.