Pattisons D R E a M Academy

Analysis

Pattisons D R E a M Academy is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in April 2006, 20 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 June 2023, Pattisons D R E a M Academy reported income of $4.1m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $878k to $4.1m (+366%), an average of +47% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pattisons D R E a M Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Burke County Smart Start Inc ($4.1m), Bergen County Cooperative Library System Inc ($4.1m) and Pacific Heritage Schools ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $138k (3.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.8m against liabilities of $508k, net assets of $1.3m. It reported 91 employees.