Dream Builders of Chesterfield Inc

Analysis

Dream Builders of Chesterfield Inc is a registered charity in United States, based in Chesterfield, SC. It received its IRS tax-exemption ruling in September 1998, 28 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 June 2024, Dream Builders of Chesterfield Inc reported income of $59k and spending of $74k, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $50k to $59k (+17%), an average of +4.0% a year. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Builders of Chesterfield Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 29th percentile within SC. Charities of a similar size with the same main cause include TFG Charitable Supply & Foundation ($59k), Iron County Food Pantry ($59k) and Goliathon a NJ Nonprofit ($59k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $6,624. At year end it held assets of $52k against liabilities of $5,895, net assets of $47k.

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.