Dream Centers of Colorado Springs

Analysis

Dream Centers of Colorado Springs is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Centers of Colorado Springs reported income of $2.4m and spending of $2.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.4m (-9.8%), an average of -2.5% a year. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dream Centers of Colorado Springs sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Vashon Youth and Family Services ($2.4m), Setting Scoliosis Straight Foundation ($2.4m) and Health and Welfare Council of Long Island Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $378k (14% of expenses). Other salaries and wages came to $763k. It paid $33k in professional fundraising fees. At year end it held assets of $8.5m against liabilities of $3.0m, net assets of $5.5m. It reported 29 employees.