Dreams Work Inc

Analysis

Dreams Work Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Work Inc reported income of $1.2m and spending of $915k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $519k to $1.2m (+131%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 345%. Over the whole period it spent 60% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dreams Work Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Lampasas County Livestock Association Inc ($1.2m), Lide White Memorial Boys and Girls Club Inc ($1.2m) and Uvalde County Junior Livestock Show Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $396k (43% of expenses). At year end it held assets of $1.2m against liabilities of $21k, net assets of $1.2m. It reported 13 employees.