Dream Big Foundation Inc

Analysis

Dream Big Foundation Inc is a registered charity in United States, based in Crownsville, MD. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Dream Big Foundation Inc reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $797k to $1.6m (+100%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 901%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dream Big Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Junior League of Birmingham Inc ($1.6m), Action Greensboro ($1.6m) and Asian American Business Development Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $479k. At year end it held assets of $2.3m against liabilities of $18k, net assets of $2.3m. It reported 9 employees.