Hopes & Dreams Inc

Analysis

Hopes & Dreams Inc is a registered charity in United States, based in Paris, IL. It received its IRS tax-exemption ruling in November 2023, 3 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 December 2023, Hopes & Dreams Inc reported income of $105k and spending of $115k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $95k to $105k (+11%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes & Dreams Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Rockland Main Street Inc ($105k), Dayton Dragons Foundation ($105k) and Ohel Iaacov Foundation Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $186k against liabilities of $322, net assets of $186k.