Dream Lighter Inc

Analysis

Dream Lighter Inc is a registered charity in United States, based in Jackson Heights, NY. It received its IRS tax-exemption ruling in August 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 2022, Dream Lighter Inc reported income of $492k and spending of $385k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $298k to $492k (+65%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 354%. 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, Dream Lighter Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Community Sharehouse the Furniture Bank of Tulsa County Inc ($491k), Broome County Urban League Inc ($492k) and Holy Cross Center Inc ($491k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 42% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $73k (19% of expenses). It paid $6,900 in professional fundraising fees. At year end it held assets of $598k against liabilities of $591k, net assets of $6,658. It reported 13 employees.