Dream Team Foundation Inc

Analysis

Dream Team Foundation Inc is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in July 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, Dream Team Foundation Inc reported income of $236k and spending of $221k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $236k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Team Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Jada House International Inc ($236k), Mikeys Place ($236k) and Thompson Social Services Inc ($236k).

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 $37k (17% of expenses). Other salaries and wages came to $53k. At year end it held assets of $77k against liabilities of $2,493, net assets of $75k. It reported 3 employees.