Dream It Foundation Inc

Analysis

Dream It Foundation Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in March 2019, 7 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, Dream It Foundation Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.1m (+17%), an average of +4.0% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream It Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Noahs Ark of West Mifflin ($1.1m), Cricket Debt Counseling ($1.1m) and Carver County Agricultural Society ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (5.4% of expenses). Other salaries and wages came to $63. At year end it held assets of $89k against liabilities of $28k, net assets of $61k. It reported 2 employees.