Central Florida Dreamplex Foundation Inc

Analysis

Central Florida Dreamplex Foundation Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Central Florida Dreamplex Foundation Inc reported income of $3.7m and spending of $4.7m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Florida Dreamplex Foundation Inc 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 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Bnai Brith Senior Citizens Housing Committee of Houston Inc ($3.7m), Winter Valley Residences Incorporated ($3.7m) and Lafayette Transitional Housing Center Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $796k. At year end it held assets of $3.6m against liabilities of $3.2m, net assets of $414k. It reported 82 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.