I Have A Dream Foundation - New Jersey Inc
Only null% goes to programs Strong reserves Growing revenue
I Have A Dream Foundation - New Jersey Inc is a 501(c)(3) organization based in Newark, New Jersey, registered in 2006, with $899,504 in FY2023 revenue. CharityIndex grades it B.
60 Park Pl Ste 601, Newark, NJ, 07102 EIN 02-0775259 Since 2006
Revenue (FY2023)
$900K
▲ 219.4% vs prior year
Education median: $200K
Expenses (FY2023)
$599K
Net assets
$565K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for I Have A Dream Foundation - New Jersey Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For I Have A Dream Foundation - New Jersey Inc: 11 mo reserves · +33% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for I Have A Dream Foundation - New Jersey Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For I Have A Dream Foundation - New Jersey Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 60 Park Pl Ste 601, Newark, NJ, 07102
- City
- Newark
- State
- New Jersey
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $58K (FY2013) to $900K (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $565K
Operating margin
33.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$565K
Total liabilities
$0
Net assets
$565K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $899,504▲219% | $598,545▲15.1% | $564,935▲59.5% | $564,935▲59.5% | 990 |
| 2021 | $281,599▼56.7% | $520,036▲5.6% | $354,242▼40.2% | $354,242▼40.2% | 990 |
| 2020 | $649,632▲62.5% | $492,449▲40.4% | $592,679▲36.1% | $592,679▲26.1% | 990 |
| 2019 | $399,726▲22.3% | $350,626▲16.4% | $435,496▼0.1% | $469,888▲7.8% | 990 |
| 2017 | $326,908▲180% | $301,348▲89.0% | $435,900▲6.0% | $435,900▲6.0% | 990 |
| 2016 | $116,637▼41.8% | $159,450▲32.0% | $411,109▼31.7% | $411,109▼31.7% | 990 |
| 2015 | $200,254▲433% | $120,787▲11.1% | $601,620▲12.8% | $602,032▲12.8% | 990 |
| 2014 | $37,567▼35.0% | $108,715▼13.5% | $533,586▼3.5% | $533,586▼3.5% | 990 |
| 2013 | $57,829 | $125,707▲132% | $552,718▼4.3% | $552,718▼4.3% | 990 |
| 2012 | — | $54,139▼42.7% | $577,584▲8.7% | $577,584▲8.7% | 990 |
| 2011 | — | $94,516▼0.9% | $531,553▼0.6% | $531,553▼0.6% | 990 |
| 2010 | — | $95,413 | $534,594 | $534,594 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $1.0M total
23 grants to I Have A Dream Foundation - New Jersey Inc totaling $1.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2024 | $12,289 |
| National Philanthropic Tr | Education | 2023 | $101,000 |
| Network For Good Inc | Unrestricted | 2023 | $15,354 |
| Donor Advised Charitable Giving | Education | 2023 | $10,800 |
| Network For Good Inc | Unrestricted | 2022 | $34,563 |
| Donor Advised Charitable Giving | Education | 2022 | $22,950 |
| Goldman Sachs Charitable Gift Fund | Community outreach & enrichment programs | 2022 | $15,000 |
| American Endowment Foundation | Youth development | 2022 | $10,000 |
| Donor Advised Charitable Giving | Education | 2021 | $116,000 |
| Network For Good Inc | Unrestricted | 2021 | $48,593 |
| Goldman Sachs Charitable Gift Fund | Community outreach & enrichment programs | 2021 | $20,000 |
| American Endowment Foundation | General operating support | 2021 | $10,000 |
| National Philanthropic Tr | Education | 2021 | $10,000 |
| Donor Advised Charitable Giving | Education | 2020 | $112,750 |
| Donor Advised Charitable Giving | Education | 2020 | $112,750 |
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Frequently asked questions
- Is I Have A Dream Foundation - New Jersey Inc a legitimate nonprofit?
- Yes. I Have A Dream Foundation - New Jersey Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0775259, based in Newark, New Jersey. Donations are tax-deductible.
- What is I Have A Dream Foundation - New Jersey Inc's EIN?
- I Have A Dream Foundation - New Jersey Inc's Employer Identification Number (EIN) is 02-0775259.
- How much revenue does I Have A Dream Foundation - New Jersey Inc report?
- I Have A Dream Foundation - New Jersey Inc reported $899,504 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does I Have A Dream Foundation - New Jersey Inc have?
- CharityIndex grades I Have A Dream Foundation - New Jersey Inc B, based on financial health (reserves and operating margin).
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Data for I Have A Dream Foundation - New Jersey Inc (EIN 02-0775259) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.