Dreamers and Believers Inc

Analysis

Dreamers and Believers Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Dreamers and Believers Inc reported income of $375k and spending of $339k, spending 90% of its income. Across the 6 years on record, from December 2017 to December 2022, income grew from $6,299 to $375k (+5859%), an average of +126% a year. The sharpest change came in the year to December 2019, when income rose by 169318%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dreamers and Believers Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Short Years Partnership ($375k), Women in Unity ($375k) and Giving Hope & Help Inc ($375k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.