Dreams Are Possible

Analysis

Dreams Are Possible is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in March 2022, 4 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, Dreams Are Possible reported income of $103k and spending of $90k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $103k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dreams Are Possible sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Pink Queen Foundation ($103k), 54th Street Corporation ($103k) and Apryle Showers Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.