Friends of Dream Big Foundation Inc

Analysis

Friends of Dream Big Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Dream Big Foundation Inc reported income of $612k and spending of $792k, spending 129% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $530k to $612k (+15%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Dream Big Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Conexion Inc ($611k), Forward Memphis ($612k) and Waukesha County Center for Growth Inc ($611k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $20k, net assets of -$9,940.