Dreaam Opportunity Center

Analysis

Dreaam Opportunity Center is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dreaam Opportunity Center reported income of $2.8m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $466k to $2.8m (+510%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dreaam Opportunity Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Friends of the Children - Chicago ($2.8m), Her Song Jacksonville Inc ($2.8m) and Foundations Child Care Center Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.1m against liabilities of $190k, net assets of $920k. It reported 154 employees.