Dream Catchers

Analysis

Dream Catchers is a registered charity in United States, based in Toano, VA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dream Catchers reported income of $833k and spending of $1.1m, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $833k (-27%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dream Catchers 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 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Tech for Troops ($833k), Belton Christian Youth Center ($833k) and Florida Public Radio Inc ($833k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $64k (6.0% of expenses). Other salaries and wages came to $482k. At year end it held assets of $1.0m against liabilities of $150k, net assets of $886k. It reported 44 employees.