Salem Dream Center

Analysis

Salem Dream Center is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Salem Dream Center reported income of $720k and spending of $754k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $366k to $720k (+97%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salem Dream Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OR. Charities of a similar size with the same main cause include Buena Vista Childrens Services ($720k), Anchor House Foundation Inc ($720k) and Indo-Us Foundation ($720k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $92k (12% of expenses). Other salaries and wages came to $80k. At year end it held assets of $84k against liabilities of $0, net assets of $84k. It reported 4 employees.