Creative Dreams Outreach Center Inc

Analysis

Creative Dreams Outreach Center Inc is a registered charity in United States, based in Stafford, TX. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Creative Dreams Outreach Center Inc reported income of $191k and spending of $216k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $223k to $191k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Dreams Outreach Center Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Baltimore Theatre Project ($191k), International Society of Protistologists Inc ($191k) and Ballet Theatre of Carmel Academy ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $85k. At year end it held assets of $1.7m against liabilities of $399k, net assets of $1.3m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.