Devoted Dreamers Foundation

Analysis

Devoted Dreamers Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 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, Devoted Dreamers Foundation reported income of $460k and spending of $254k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $525k to $460k (-12%), an average of -6.4% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Devoted Dreamers Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include The Battier Take Charge Foundation Inc ($460k), Austin Area Foundation ($460k) and Austin Area Commission for the Arts Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.