Megiddo Dream Station

Analysis

Megiddo Dream Station is a registered charity in United States, based in Graniteville, SC. 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, Megiddo Dream Station reported income of $542k and spending of $687k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $528k to $542k (+2.8%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 72%. 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, Megiddo Dream Station sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include Meals on Wheels ($542k), Lifes Plan Inc ($542k) and Impact100 Martin Inc ($542k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $101k (15% of expenses). Other salaries and wages came to $197k. At year end it held assets of $1.6m against liabilities of $346, net assets of $1.6m. It reported 11 employees.