Knoxville Dream Center Inc

Analysis

Knoxville Dream Center Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Knoxville Dream Center Inc reported income of $477k and spending of $531k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $487k to $477k (-1.9%), an average of -1.0% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Knoxville Dream Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Eufaula Housing Development Inc ($477k), Retiree Housing of Birmingham Inc ($477k) and Judys Hope Foundation ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. At year end it held assets of $233k against liabilities of $27k, net assets of $206k.