Legacy Dreamers Ministries

Analysis

Legacy Dreamers Ministries is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Legacy Dreamers Ministries reported income of $85k and spending of $68k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $85k (+5.0%), an average of +5.0% a year. Over the whole period it spent 55% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Dreamers Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Real Church Solutions Inc ($85k), Vera Rasmussen Irrevocable Trust ($85k) and World Encounter ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.