Dream Center of Hampton Roads

Analysis

Dream Center of Hampton Roads is a registered charity in United States, based in Virginia BCH, VA. 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 December 2022, Dream Center of Hampton Roads reported income of $500k and spending of $531k, spending 106% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $272k to $500k (+84%), an average of +84% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Center of Hampton Roads sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include In Shifras Arms Inc ($499k), Wayne Winfield Area Youth Family Services ($500k) and Age Well Arrowhead Inc ($499k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Other salaries and wages came to $49k. At year end it held assets of $28k against liabilities of $787, net assets of $28k. It reported 2 employees.