Dreamkey Partners Mortgage Inc

Analysis

Dreamkey Partners Mortgage Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dreamkey Partners Mortgage Inc reported income of $129k and spending of $128k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $129k (-97%), an average of -60% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dreamkey Partners Mortgage Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Hope Charitable Services Inc ($129k), Hudesman House Apartments ($129k) and Friends D D Housing Inc ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.9m against liabilities of $2.0m, net assets of -$87k.