Dream Institute Inc

Analysis

Dream Institute Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, 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 June 2023, Dream Institute Inc reported income of $2.4m and spending of $2.9m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $892k to $2.4m (+168%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Krismark Corporation ($2.4m), Aldersgate Personal Care Inc ($2.4m) and Young Mens Christian Association Corsicana ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $93k (3.2% of expenses). Other salaries and wages came to $554k. At year end it held assets of $1.9m against liabilities of $202k, net assets of $1.7m. It reported 30 employees.