East Kentucky Dream Center Inc

Analysis

East Kentucky Dream Center Inc is a registered charity in United States, based in Pikeville, KY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, 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, East Kentucky Dream Center Inc reported income of $177k and spending of $311k, spending 176% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $424k to $177k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Kentucky Dream Center Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within KY. Charities of a similar size with the same main cause include Homes of Hope Inc ($177k), Rosemarys Daycare & Learning Center ($177k) and Star Center Foundation ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 32% of the total. At year end it held assets of $16k against liabilities of $21k, net assets of -$4,603.