Dreamers Academy Inc

Analysis

Dreamers Academy Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dreamers Academy Inc reported income of $3.9m and spending of $4.6m, spending 118% of what it took in. The sharpest change came in the year to June 2022, when income rose by 11106%. Over the whole period it spent 121% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dreamers Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Kings Against Violence Initiative Inc ($3.9m), Youth for Christ USA Inc ($3.9m) and Boys & Girls Club of Tucson ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $19.8m against liabilities of $21.2m, net assets of -$1.5m. It reported 49 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.