Dreamcatchers Empowerment Network

Analysis

Dreamcatchers Empowerment Network is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Dreamcatchers Empowerment Network reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.3m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dreamcatchers Empowerment Network sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Polk County Sheltered Workshop Inc ($3.3m), Lower Roxbury Community Corporation ($3.3m) and Center for Rapid Recovery Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $149k (4.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.1m against liabilities of $672k, net assets of $407k. It reported 577 employees.