Daytona Dream Center Inc

Analysis

Daytona Dream Center Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in September 2023, 3 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, Daytona Dream Center Inc reported income of $112k and spending of $127k, spending 113% of what it took in. Across the 6 years on record, from July 2019 to December 2023, income grew from $17k to $112k (+548%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 656%. Over the whole period it spent 197% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daytona Dream Center Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Pride in Action Community Services Inc ($112k), Lakes Region Cancer Support Team Inc ($112k) and Hope House of Union County Incorporated ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $100 against liabilities of $94k, net assets of -$94k.

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.