Mydream Global Foundation a NJ Nonprofit Corporation

Analysis

Mydream Global Foundation a NJ Nonprofit Corporation is a registered charity in United States, based in Iselin, NJ. It received its IRS tax-exemption ruling in April 2018, 8 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, Mydream Global Foundation a NJ Nonprofit Corporation reported income of $123k and spending of $128k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $192k to $123k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mydream Global Foundation a NJ Nonprofit Corporation 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 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include The Pearson Foundation ($123k), Fostering Faithfully ($123k) and Families First Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7,445 against liabilities of $19k, net assets of -$12k.