Terrance Richardson Dreambelievework Foundation Inc

Analysis

Terrance Richardson Dreambelievework Foundation Inc is a registered charity in United States, based in Roland, AR. It received its IRS tax-exemption ruling in August 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, Terrance Richardson Dreambelievework Foundation Inc reported income of $82k and spending of $84k, spending 102% of its income. Across the 2 years on record, from December 2020 to December 2023, income grew from $64k to $82k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Terrance Richardson Dreambelievework Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within AR. Charities of a similar size with the same main cause include Hands of Love Foundation Inc ($82k), PRS Holdings Foundation ($82k) and National Armor and Cavalry Heritage Foundation Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.