I Have a Dream Foundation-Los Angeles

Analysis

I Have a Dream Foundation-Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2023, I Have a Dream Foundation-Los Angeles reported income of $665k and spending of $1.0m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $948k to $665k (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, I Have a Dream Foundation-Los Angeles sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Louis and Abby Faye Dinklage Foundation ($665k), Canopy Communities Coporation ($666k) and Altus Foundation ($665k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $128k (12% of expenses). Other salaries and wages came to $374k. At year end it held assets of $1.9m against liabilities of $231k, net assets of $1.7m. It reported 12 employees.