Delaware Regional Dream Center Inc

Analysis

Delaware Regional Dream Center Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Delaware Regional Dream Center Inc reported income of $1.8m and spending of $1.7m, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $249k to $1.8m (+641%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 477%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Delaware Regional Dream Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within DE. Charities of a similar size with the same main cause include Old Savannah City Mission Inc ($1.8m), Reino Capital ($1.8m) and Zarephath Academy Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (3.3% of expenses). Other salaries and wages came to $58k. At year end it held assets of $529k against liabilities of $123k, net assets of $406k. It reported 7 employees.