Raleigh Dream Center

Analysis

Raleigh Dream Center is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2016, 10 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, Raleigh Dream Center reported income of $3.7m and spending of $4.4m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $3.7m (+1418%), an average of +97% a year. The sharpest change came in the year to December 2020, when income rose by 250%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raleigh Dream Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Shared Hope International ($3.7m), Beyond Hunger ($3.7m) and Ronald McDonald House Charities of New England Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Other salaries and wages came to $447k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 24 employees.