Minarys Dream Alliance

Analysis

Minarys Dream Alliance is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Minarys Dream Alliance reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.4m to $1.7m (+18%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minarys Dream Alliance sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include George S and Dolores Dore Eccles Endowment for Medical School Excel ($1.7m), Sylva-Bay Academy Inc ($1.7m) and Student Organizations and Journals of Harvard Law School Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $260k (17% of expenses). Other salaries and wages came to $618k. At year end it held assets of $1.3m against liabilities of $183k, net assets of $1.2m. It reported 23 employees.