Florida Dream Center Inc

Analysis

Florida Dream Center Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Florida Dream Center Inc reported income of $4.9m and spending of $5.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.9m (+28%), an average of +6.4% a year. 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, Florida Dream Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Sylvester Manor Educational Farm ($4.9m), Quality Care Resource & Referral Services Inc ($4.9m) and High Peaks Hospice and Palliative Care Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $154k (3.1% of expenses). Other salaries and wages came to $200k. At year end it held assets of $148k against liabilities of $173k, net assets of -$25k. It reported 13 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.