Dreamcatcher Initiative Inc

Analysis

Dreamcatcher Initiative Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in September 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dreamcatcher Initiative Inc reported income of $386k and spending of $407k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $279k to $386k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dreamcatcher Initiative Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Boys and Girls Club of Northern Chautaugua County ($386k), The Historic St Johns County Police Athletic League Inc ($386k) and Boys & Girls Clubs of Mercer County Foundation Inc ($386k).

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 $27k. At year end it held assets of $25k against liabilities of $11k, net assets of $14k.