Lubbock Dream Center

Analysis

Lubbock Dream Center is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in February 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 August 2023, Lubbock Dream Center reported income of $908k and spending of $923k, spending 102% of its income. Across the 6 years on record, from December 2018 to August 2023, income grew from $897k to $908k (+1.2%), an average of +0.2% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lubbock Dream Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include LA Fuerza Unida Inc ($908k), Hawaiian Gardens Food Bank Inc ($908k) and Healing Warriors Program ($908k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $145k (16% of expenses). Other salaries and wages came to $347k. At year end it held assets of $1.5m against liabilities of $24k, net assets of $1.4m. It reported 10 employees.

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.