Dream Center Bismarck

Analysis

Dream Center Bismarck is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in March 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 December 2023, Dream Center Bismarck reported income of $2.9m and spending of $2.8m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $977k to $2.9m (+196%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Center Bismarck sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within ND. Charities of a similar size with the same main cause include D M Ministries Community Development Corporation ($2.9m), North Carolina Coalition to End Homelessness Inc ($2.9m) and Memorial Community Development Corporation ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $113k. At year end it held assets of $757k against liabilities of $4,922, net assets of $752k. It reported 7 employees.