Dream Center Academy Inc
EIN: 421695206 · Gastonia, NC · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $903K |
| Total Expenses | $688K |
| Net Assets | $176K |
Is Dream Center Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Dream Center Academy Inc
Dream Center Academy Inc (EIN: 421695206) is a nonprofit organization based in Gastonia, NC, classified under NTEE code P40. The organization reported total revenue of $903K and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dream Center Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dream Center Academy Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 44.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $757K |
| Total Expenses | $688K |
| Surplus / Deficit | +$70K |
| Total Assets | $176K |
| Net Assets | $176K |
| Operating Margin | 9.2% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2023, Dream Center Academy Inc reported a surplus of $70K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2023), Dream Center Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 44.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.8% | -1.0% | +65.5% |
| 2022 | -10.0% | +7.1% | -40.6% |
| 2021 | +1553.1% | +1001.4% | +31.2% |
| 2020 | -91.7% | -88.5% | -9.6% |
| 2020 | +23.1% | +16.6% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Dream Center Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dream Center Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
Frequently Asked Questions about Dream Center Academy Inc
Is Dream Center Academy Inc a legitimate charity?
Dream Center Academy Inc (EIN: 421695206) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $903K. No red flags identified. Financial health grade: A.
How does Dream Center Academy Inc spend its money?
Dream Center Academy Inc reported $903K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Dream Center Academy Inc tax-deductible?
Dream Center Academy Inc is registered as a tax-exempt nonprofit (EIN: 421695206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Dream Center Academy Inc located?
Dream Center Academy Inc is headquartered in Gastonia, North Carolina and files with the IRS under EIN 421695206. It is classified under NTEE code P40.
How many years of IRS 990 filings does Dream Center Academy Inc have?
Dream Center Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $903K in total revenue.
Filing History
IRS 990 filing history for Dream Center Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Dream Center Academy Inc's revenue has grown by 5478.8%, moving from $14K to $757K. Total assets increased by 17637100% over the same period, from $1 to $176K. Total functional expenses rose by 1500.7%, from $43K to $688K. In its most recent filing year (2023), Dream Center Academy Inc reported a surplus of $70K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $757K | $688K | $176K | $0 | — | View 990 |
| 2022 | $622K | $695K | $107K | $-10 | — | View 990 |
| 2021 | $691K | $648K | $179K | $-10 | — | — |
| 2020 | $42K | $59K | $137K | $10 | — | View 990 |
| 2020 | $504K | $511K | $151K | $-10 | — | View 990 |
| 2019 | $409K | $439K | $159K | $0 | — | View 990 |
| 2018 | $223K | $331K | $189K | $0 | — | View 990 |
| 2017 | $303K | $191K | $296K | $0 | — | View 990 |
| 2016 | $326K | $158K | $184K | $0 | — | View 990 |
| 2015 | $101K | $130K | $38K | $22K | — | View 990 |
| 2014 | $134K | $113K | $45K | $0 | — | View 990 |
| 2013 | $30K | $131 | $31K | $7K | — | View 990 |
| 2012 | $14K | $43K | $1 | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $757K, expenses of $688K, and assets of $176K (revenue +21.8% year-over-year).
- 2022: Revenue of $622K, expenses of $695K, and assets of $107K (revenue -10.0% year-over-year).
- 2021: Revenue of $691K, expenses of $648K, and assets of $179K (revenue +1553.1% year-over-year).
- 2020: Revenue of $42K, expenses of $59K, and assets of $137K (revenue -91.7% year-over-year).
- 2020: Revenue of $504K, expenses of $511K, and assets of $151K (revenue +23.1% year-over-year).
- 2019: Revenue of $409K, expenses of $439K, and assets of $159K (revenue +83.2% year-over-year).
- 2018: Revenue of $223K, expenses of $331K, and assets of $189K (revenue -26.2% year-over-year).
- 2017: Revenue of $303K, expenses of $191K, and assets of $296K (revenue -7.2% year-over-year).
- 2016: Revenue of $326K, expenses of $158K, and assets of $184K (revenue +221.6% year-over-year).
- 2015: Revenue of $101K, expenses of $130K, and assets of $38K (revenue -24.4% year-over-year).
- 2014: Revenue of $134K, expenses of $113K, and assets of $45K (revenue +346.0% year-over-year).
- 2013: Revenue of $30K, expenses of $131, and assets of $31K (revenue +121.6% year-over-year).
- 2012: Revenue of $14K, expenses of $43K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dream Center Academy Inc:
Data Sources and Methodology
This transparency report for Dream Center Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.