The Dream Catcher Foundation Inc

Analysis

The Dream Catcher Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Dream Catcher Foundation Inc reported income of $61k and spending of $113k, spending 184% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $63k to $61k (-2.7%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 198% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Dream Catcher Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Healing Hearts Vietnam Inc ($61k), Headwaters Christian Resources ($61k) and Westminster Infant Care Center ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (25% of expenses). At year end it held assets of $746k against liabilities of $1,738, net assets of $744k. It reported 2 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.