Dream City Foundation

Analysis

Dream City Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2012, 14 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 City Foundation reported income of $810k and spending of $875k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $810k (-55%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 50%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream City Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include Grace International Inc ($809k), Jetblue Cares Crewmember Catastrophic Fund ($810k) and Self Help Alternative Living Opportunities of Michigan Inc ($809k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $59k (6.7% of expenses). Other salaries and wages came to $11k. At year end it held assets of $215k against liabilities of $89k, net assets of $126k. It reported 2 employees.