Dreem Makers Inc

Analysis

Dreem Makers Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Dreem Makers Inc reported income of $307k and spending of $289k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $307k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Dreem Makers Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include St Clair Shores Figure Skating Club Inc ($307k), Lake Region Baseball Boosters ($307k) and Ping Pong Community ($307k).

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 $20k (7.1% of expenses). At year end it held assets of $24k against liabilities of $0, net assets of $24k.