The Dreampower Foundation

Analysis

The Dreampower Foundation is a registered charity in United States, based in Elbert, CO. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, The Dreampower Foundation reported income of $60k and spending of $64k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $21k to $60k (+192%), an average of +31% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 123% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The Dreampower Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within CO. Charities of a similar size with the same main cause include Florida Ornithological Society Inc ($60k), Friends of Ferals Inc ($60k) and Paws Care ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,786 against liabilities of $52k, net assets of -$51k.

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.