Catching the Dream Learning Center

Analysis

Catching the Dream Learning Center is a registered charity in United States, based in Springfield, MI. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Catching the Dream Learning Center reported income of $1.3m and spending of $878k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $40k to $1.3m (+3147%), an average of +219% a year. The sharpest change came in the year to December 2021, when income rose by 412%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Catching the Dream Learning Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include E D P School of Computer Programing ($1.3m), The Arizona Episcopal Schools Foundation ($1.3m) and Brookhaven Free Library ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $596k. At year end it held assets of $624k against liabilities of $128k, net assets of $496k. It reported 28 employees.