Dreams for Change Inc

Analysis

Dreams for Change Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Dreams for Change Inc reported income of $3.3m and spending of $2.5m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.3m (+206%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dreams for Change Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Karing 4 Kids Foster Family Agency Inc ($3.3m), Centerville Community Betterment Inc Zylpha Price House ($3.3m) and Open Heart Kitchen of Livermore Incorporated ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $258k (10% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.4m against liabilities of $168k, net assets of $1.2m. It reported 201 employees.