Dream Worthy

Analysis

Dream Worthy is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in April 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 December 2023, Dream Worthy reported income of $69k and spending of $16k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $69k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 331%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dream Worthy sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Crown Heights North Association Inc ($69k), Bethel Community Outreach Inc ($69k) and Assisted Employment Services Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $7,500 (48% of expenses). At year end it held assets of $816k against liabilities of $19, net assets of $816k.