Dream Center of Randolph County LLC

Analysis

Dream Center of Randolph County LLC is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 of Randolph County LLC reported income of $453k and spending of $459k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $267k to $453k (+70%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dream Center of Randolph County LLC sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Christian Skaters Incorporated ($453k), Depositing Empowerment Through Outreach and Urban Redevelopment ($453k) and Prince Georges County Boys and Girls Club Inc ($453k).

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 $60k (13% of expenses). At year end it held assets of $48k against liabilities of $6,000, net assets of $42k. It reported 33 employees.