Dream Center of Forsyth County

Analysis

Dream Center of Forsyth County is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. 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 Forsyth County reported income of $392k and spending of $252k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $216k to $392k (+81%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dream Center of Forsyth County sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Old Oaks Foundation Inc ($392k), Brahma Premananda Ashrama ($392k) and Mercer Area Family Education and Wellness Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.5% of the total. Other salaries and wages came to $43k. At year end it held assets of $865k against liabilities of $641k, net assets of $225k. It reported 2 employees.