Mildreds Dream Foundation Inc

Analysis

Mildreds Dream Foundation Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mildreds Dream Foundation Inc reported income of $810k and spending of $585k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5,000 to $810k (+16098%), an average of +257% a year. The sharpest change came in the year to December 2020, when income rose by 8718%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mildreds Dream Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include NCF Supporting Organization ($808k), North East Community Foundation ($810k) and California Contractors Public Benefit Foundation ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $344k against liabilities of $0, net assets of $344k.