Dream Center Foundation a California Non Profit Corporation

Analysis

Dream Center Foundation a California Non Profit Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2010, 16 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 2023, Dream Center Foundation a California Non Profit Corporation reported income of $26.7m and spending of $26.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $26.7m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Center Foundation a California Non Profit Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Yad Elka Inc ($26.7m), Lakeside Youth Service ($26.7m) and Georgia Federal-State Shipping Point Inspection Service Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $52.3m against liabilities of $17.2m, net assets of $35.1m. It reported 22 employees.