Kalamazoo Dream Center

Analysis

Kalamazoo Dream Center is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in December 2007, 19 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, Kalamazoo Dream Center reported income of $56k and spending of $67k, spending 119% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $37k to $56k (+53%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kalamazoo Dream Center sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Rosebush Emergency Assistance Program ($56k), Community People Ministries ($56k) and Service League of Baytown Inc ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $31k against liabilities of $221, net assets of $31k.

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.