Dream Center of Lakeland Inc

Analysis

Dream Center of Lakeland Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Dream Center of Lakeland Inc reported income of $2.2m and spending of $3.6m, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $967k to $2.2m (+126%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 283%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dream Center of Lakeland Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Pickens Private School Foundation ($2.2m), G R E a T Kids with ADHD a Texas Non-Profit Corporation ($2.2m) and Public Library of Cincinnati and Hamilton County Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $1.4m against liabilities of $863k, net assets of $521k.