Huntsville Dream Center Inc

Analysis

Huntsville Dream Center Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Huntsville Dream Center Inc reported income of $1.3m and spending of $1.6m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $742k to $1.3m (+72%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Huntsville Dream Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Mountain Song Community School Building Corporation ($1.3m), The Grantmakers of Western Pennsyl Vania ($1.3m) and Capitol Hill Community Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.0m against liabilities of $28k, net assets of $992k.