Dreamcenter Inc

Analysis

Dreamcenter Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 2023, 3 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, Dreamcenter Inc reported income of $257k and spending of $265k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $257k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dreamcenter Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within OK. Charities of a similar size with the same main cause include Love in the Name of Christ - Big Woods ($257k), Stone County Abuse Prevention ($257k) and Reclaiming Our Community ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (11% of expenses). Other salaries and wages came to $43k. At year end it held assets of $14k against liabilities of $6,067, net assets of $8,388. It reported 6 employees.