New Life Dream Center

Analysis

New Life Dream Center is a registered charity in United States, based in Bethel Island, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, New Life Dream Center reported income of $357k and spending of $335k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $524k to $357k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Life Dream Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Richmond-Ermet Foundation ($357k), Arc of Whatcom County ($357k) and My Life Foundation Inc ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $36k (11% of expenses). Other salaries and wages came to $54k. At year end it held assets of $363k against liabilities of $266k, net assets of $97k.