Beaumont Dream Center

Analysis

Beaumont Dream Center is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beaumont Dream Center reported income of $278k and spending of $285k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $305k to $278k (-8.7%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beaumont Dream Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Sirius Inc ($278k), Safe Haven of Person County ($278k) and Bridge to Life Ministries ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (9.1% of expenses). Other salaries and wages came to $34k. At year end it held assets of $134k against liabilities of $85k, net assets of $49k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.