New Mexico Dream Center

Analysis

New Mexico Dream Center is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, New Mexico Dream Center reported income of $1.6m and spending of $1.2m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $1.6m (+594%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Mexico Dream Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NM. Charities of a similar size with the same main cause include Srikarunamayi Research Institute of Meditation Center ($1.6m), Hope Academy Inc ($1.6m) and Augusta Radio Fellowship Institute Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $100k (8.3% of expenses). Other salaries and wages came to $538k. At year end it held assets of $807k against liabilities of $185k, net assets of $623k. It reported 19 employees.