Longview Dream Center Inc

Analysis

Longview Dream Center Inc is a registered charity in United States, based in Longview, TX. 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 December 2023, Longview Dream Center Inc reported income of $594k and spending of $648k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $594k (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Longview Dream Center Inc 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 77th percentile within TX. Charities of a similar size with the same main cause include Supplies for Success Inc ($594k), Resources for Independence Inc ($594k) and Pennsylvania Sibling Support Network ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $195k. At year end it held assets of $1.2m against liabilities of $1.0m, net assets of $211k. It reported 20 employees.