Dreamspring

Analysis

Dreamspring is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1995, 31 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, Dreamspring reported income of $14.7m and spending of $23.1m, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $14.7m (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dreamspring sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Provport Inc ($14.7m), Northwest Laborers-Employers Train ($14.7m) and El Paso Community Action Program Project Bravo Inc ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $1.1m (4.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $72.3m against liabilities of $47.6m, net assets of $24.7m. It reported 70 employees.