Dream Center Dallas Inc

Analysis

Dream Center Dallas Inc is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dream Center Dallas Inc reported income of $1.5m and spending of $344k, leaving 77% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $1.5m (+524%), an average of +150% a year. The sharpest change came in the year to December 2022, when income rose by 372%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Center Dallas Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Native American Disability Law Center Inc ($1.5m), Edgefield County Senior Citizens Council Inc ($1.5m) and Tribal Child Care Association of California ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.