Connelly Dream Center

Analysis

Connelly Dream Center is a registered charity in United States, based in Lewisburg, TN. It received its IRS tax-exemption ruling in April 2019, 7 years ago. 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, Connelly Dream Center reported income of $702k and spending of $612k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $435k to $702k (+61%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connelly Dream Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include California State Games ($701k), Villa Garcia Inc ($702k) and The Ciesla Foundation Inc ($701k).

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 $58k (9.5% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.1m against liabilities of $4,926, net assets of $1.1m. It reported 5 employees.