The New American Dream Foundation Inc

Analysis

The New American Dream Foundation Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 New American Dream Foundation Inc reported income of $231k and spending of $187k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $231k (+109%), an average of +109% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The New American Dream Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Hopes in NFP ($231k), Leonard & Diane Sherman Family Foundation ($231k) and Lifeline Energy Foundation ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $164k against liabilities of $3,066, net assets of $161k. It reported 2 employees.