The Downtown Dream Machine

Analysis

The Downtown Dream Machine is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, The Downtown Dream Machine reported income of $95k and spending of $93k, spending 98% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $74k to $95k (+28%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Downtown Dream Machine sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within TN. Charities of a similar size with the same main cause include Downtown Moultrie Tomorrow Inc ($95k), Brazil Center ($95k) and Archer Band Booster Association ($95k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 56% of the total. At year end it held assets of $328k against liabilities of $0, net assets of $328k.