Dream Center Academy Inc

Analysis

Dream Center Academy Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in May 2006, 20 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 September 2023, Dream Center Academy Inc reported income of $757k and spending of $688k, spending 91% of its income. Across the 5 years on record, from June 2020 to September 2023, income grew from $504k to $757k (+50%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 1553%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Center Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Assistance Dogs International Inc ($757k), Little Leaders of Tomorrow Daycare Center ($758k) and Recover Revolution Inc ($757k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Other salaries and wages came to $209k. At year end it held assets of $176k against liabilities of $0, net assets of $176k. It reported 3 employees.