Dream Center Indianapolis Inc

Analysis

Dream Center Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Indianapolis Inc reported income of $1.1m and spending of $624k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $533k to $1.1m (+113%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dream Center Indianapolis Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Fair Housing Center of West Michigan ($1.1m), Pines at Narragansett Housing Development Fund Company Inc ($1.1m) and Granite City Housing Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.1m against liabilities of $8,809, net assets of $1.1m.