Alamance Dream Center Inc

Analysis

Alamance Dream Center Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Alamance Dream Center Inc reported income of $777k and spending of $795k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $777k (+579%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 193%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alamance Dream Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include New Dimensions ($777k), Society of Women Engineers Endowment Fund Inc ($777k) and Labc Institute ($776k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $126k against liabilities of $8,425, net assets of $118k.