DC Dreamcenter

Analysis

DC Dreamcenter is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 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 (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, DC Dreamcenter reported income of $586k and spending of $755k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $586k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, DC Dreamcenter sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Good Neighbor Village Inc ($586k), Biodynamic Farmland Conservation Trust Inc ($586k) and Horn Farm Center for Agricultural Education ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $179k. At year end it held assets of $387k against liabilities of $46k, net assets of $341k. It reported 3 employees.

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.