Chasin a Dream Foundation Inc

Analysis

Chasin a Dream Foundation Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chasin a Dream Foundation Inc reported income of $901k and spending of $665k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $901k (+200%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chasin a Dream Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Riding to the Top ($901k), Virginia Voice Inc ($901k) and Advocates for Community Choice ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $76k (11% of expenses). Other salaries and wages came to $28k. At year end it held assets of $935k against liabilities of $1,689, net assets of $934k. It reported 2 employees.