Dream on 3

Analysis

Dream on 3 is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Dream on 3 reported income of $2.5m and spending of $2.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.0m to $2.5m (+144%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 155%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dream on 3 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 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Watermark Health a Nonprofit Corporation ($2.5m), Commons Project Foundation ($2.5m) and Next Step Community Solutions ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $620k. At year end it held assets of $1.6m against liabilities of $689k, net assets of $906k. It reported 16 employees.