A Million Dreamz Inc

Analysis

A Million Dreamz Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, A Million Dreamz Inc reported income of $663k and spending of $785k, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $537k to $663k (+23%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Million Dreamz Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include American Friends of Helpage India Inc ($663k), Feed Northland Kids ($663k) and Alaska Food Policy Council ($663k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $60k (7.6% of expenses). Other salaries and wages came to $371k. At year end it held assets of $3.2m against liabilities of $1.3m, net assets of $1.9m. It reported 65 employees.