Dreamcoat Quality Painters Incorporated

Analysis

Dreamcoat Quality Painters Incorporated is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dreamcoat Quality Painters Incorporated reported income of $102k and spending of $23k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $102k (-14%), an average of -14% a year. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dreamcoat Quality Painters Incorporated sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Community Publishing of Andover Inc ($102k), Good Job Angels Inc ($102k) and Olympia Kiwanis Foundation ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 108% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.