Friends of Dream Big Foundation Inc

What it says it does

TO DEAL WITH THE UNDERLYING CAUSE OF ISSUES AFFECTING HUB ZONE COMMUNITIES IN THE STATE OF MARYLAND. WE SEE EQUAL VALUE IN ALL LIVES AND WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR INDIVIDUALS AROUND THE STATE OF MARYLAND. WE BELIEVE THAT ALL SHOULD HAVE AN OPPORTUNITY TO LIVE IN AND HAVE A SUPPORTIVE FAMILY STRUCTURE AND GET A QUALITY EDUCATION. OUR GOAL IS TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN LOW-INCOME COMMUNITIES. FROM POVERTY TO HEALTH, TO EDUCATION, OUR AREAS OF FOCUS OFFER THE OPPORTUNITY TO DRAMATICALLY IMPROVE THE QUALITY OF LIFE FOR THOUSANDS OF PEOPLE. WE BEGIN BY BUILDING PARTNERSHIPS THAT BRING TOGETHER RESOURCES, EXPERTISE, AND VISION TO HELP IMPROVE AND MAKE AN IMPACT IN OUR LOW-INCOME COMMUNITIES. WE WORK WITH THE BEST ORGANIZATIONS AROUND THE STATE OF MARYLAND TO IDENTIFY THE ISSUES, FIND ANSWERS, AND DRIVE CHANGE.

Income

$1.6 million

Spending

$385,876

Spent on programs

99%

Reserves

38.4 months of spending

Largest source of income

donations and private grants, 100%

Employees

0

Volunteers

3

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 90% of charities in its peer group (community improvement, $1m to $10m).

• Reserves

  35 of 35

  Spendable reserves would cover 38.4 months of spending.

• Debt

  20 of 20

  It owes 0% of what it owns.

• Living within its means

  15 of 15

  Income exceeded spending by 76% of income.

• Income trend

  15 of 15

  Income rose 194% on the year before.

• Spending floor

  15 of 15

  98% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 71 out of 100. Higher than 23% of charities in its peer group (community improvement, $1m to $10m).

• Independent board

  18 of 25

  3 of 3 voting board members are independent.

• Conflict of interest policy

  15 of 15

  Has a written conflict of interest policy.

• Whistleblower policy

  0 of 8

  Reports no written whistleblower policy.

• Record keeping policy

  0 of 7

  Reports no written policy on keeping and destroying records.

• Board minutes

  5 of 5

  Keeps minutes of board meetings.

• Board sees the tax return

  10 of 10

  Gave the board a copy of this return before filing it.

• Independent check of accounts

  9 of 15

  Its accounts were reviewed or compiled by an independent accountant, but not audited.

• No reported misuse

  10 of 10

  Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

1. check_circle

   Is it registered with the IRS? Passed.

   Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

   Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

2. check_circle

   Has the IRS revoked its tax-exempt status? Passed.

   Not on the IRS automatic revocation list.

   Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

3. check_circle

   Are donations tax-deductible? Passed.

   On the IRS list of organizations eligible to receive tax-deductible contributions.

   Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

4. check_circle

   Is it keeping up with its IRS filings? Passed.

   Most recent return on file covers the year ending June 2025.

   Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

5. check_circle

   How long has it been tax-exempt? Passed.

   Recognized by the IRS since August 2021.

   Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

6. check_circle

   Is it in good standing with state regulators? Passed.

   Not on California's list of charities barred from soliciting. Other states are not yet checked.

   Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.