Media Dream

Analysis

Media Dream is a registered charity in United States, based in Seal Beach, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Media Dream reported income of $4.6m and spending of $5.1m, spending 112% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.0m to $4.6m (+15%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Media Dream sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Commonspirit Health Foundation ($4.6m), Haven Ministries ($4.6m) and Ar-Rahman Learning Center Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $106k (2.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.9m against liabilities of $349k, net assets of $8.6m.