Beckley Dream Center Inc

Analysis

Beckley Dream Center Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in April 2004, 22 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 2022, Beckley Dream Center Inc reported income of $160k and spending of $172k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $120k to $160k (+33%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beckley Dream Center Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WV. Charities of a similar size with the same main cause include Pathways Inc ($160k), Friends of the MH Senior Center Inc ($160k) and Friends of Cedar River Rascals Inc ($160k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $12k (7.2% of expenses). Other salaries and wages came to $10k. At year end it held assets of $279k against liabilities of $2,530, net assets of $276k. It reported 4 employees.