Basin Dream Center for Orphans

Analysis

Basin Dream Center for Orphans is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in December 2017, 9 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, Basin Dream Center for Orphans reported income of $1.1m and spending of $462k, leaving 57% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $213k to $1.1m (+400%), an average of +71% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Basin Dream Center for Orphans sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Mission LA ($1.1m), Child Care Center of First Presbyterian Church Inc ($1.1m) and Georgia Foumdaion for Agriculture Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $73k (16% of expenses). Other salaries and wages came to $114k. At year end it held assets of $1.6m against liabilities of $403k, net assets of $1.2m. It reported 3 employees.