The Dream Center

Analysis

The Dream Center is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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 2024, The Dream Center reported income of $301k and spending of $166k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $235k to $301k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Dream Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include The New Friends of the Beaverton City Library ($301k), Friends of the Pella Community Center Inc ($301k) and Cal Sailing Club ($301k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Other salaries and wages came to $103k. At year end it held assets of $786k against liabilities of $601k, net assets of $185k. It reported 14 employees.