Dream Centers of Michigan

Analysis

Dream Centers of Michigan is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in October 2014, 12 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 April 2023, Dream Centers of Michigan reported income of $1.0m and spending of $721k, leaving 30% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $482k to $1.0m (+114%), an average of +21% a year. The sharpest change came in the year to April 2020, when income rose by 79%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Centers of Michigan sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Leadingage Maryland Inc ($1.0m), Unexpected Productions Inc ($1.0m) and Waves Ahead Corp ($1.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $83k (12% of expenses). Other salaries and wages came to $279k. It paid $1,300 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $271k, net assets of $1.2m. It reported 8 employees.