Dreamkey Partners Inc

Analysis

Dreamkey Partners Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Dreamkey Partners Inc reported income of $25.7m and spending of $24.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.6m to $25.7m (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dreamkey Partners Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Homestead at Rochester Inc ($25.7m), Herons Key ($25.8m) and Woodland Pond Inc ($25.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $126.4m against liabilities of $113.1m, net assets of $13.3m. It reported 62 employees.