Dream Home Care Inc

Analysis

Dream Home Care Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Home Care Inc reported income of $3.6m and spending of $3.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.6m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dream Home Care Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include USA Bobsled Skeleton Inc ($3.6m), Coalition for the Homeless of Pasco ($3.6m) and Western Hills Youth Soccer Association ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $328k (9.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.4m against liabilities of $300k, net assets of $1.1m. It reported 70 employees.