Dream Center Foundation

The information on this page was last updated 5/14/2025. If you see errors or omissions, please email: [email protected]


Summary

The Dream Center, a volunteer driven organization that finds and fills the needs of individuals and families alike, was founded in 1994 and currently serves over 40,000 people each month.

Outreach Programs: Reaching up to 23 neighborhoods around LA county every week, we provide resources and create relationships with the people of our community.

Residential Programs: With over 500 spaces available to individuals and families, our residential programs provide people the opportunity to rebuild their lives in a safe and structured environment.

Resource Programs: Collaborating with other organizations, we provide further resources and supply the foundational needs that help our residents and communities thrive.


Contact information

Mailing address:
Dream Center Foundation
2301 Bellevue Ave
Los Angeles, CA 90026

Website: dreamcenter.org

Phone: 213-273-7000

Email: [email protected]


Organization details

EIN: 412269686

CEO/President: Caroline Barnett

Chairman: Tommy Barnett

Board size: 12

Founder: Tommy and Caroline Barnett

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our Vision: To see everyone live their God-given dream.


Mission statement

Transforming lives and communities through Christ- body, soul, spirit.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating652 of 113079 of 139
Fund acquisition rating546 of 113064 of 139
Resource allocation rating163 of 113023 of 139
Asset utilization rating1123 of 1130139 of 139

Financial ratios

Funding ratiosSector median20242023202220212020
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%11%11%13%8%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%11%10%12%8%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%98%97%98%98%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%11%11%12%8%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%2%3%2%2%2%
 
Operating ratiosSector median20242023202220212020
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%85%86%83%88%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%99%99%100%103%99%
Program output ratio Program output ratio =
Program services /
Total revenue
74%84%86%83%90%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%1%1%0%-3%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%1%0%0%-2%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%4%3%4%5%10%
 
Investing ratiosSector median20242023202220212020
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.430.510.430.770.65
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.00111.07196.031.491.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.7648.0699.660.640.770.65
 
Liquidity ratiosSector median20242023202220212020
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.283.101.31120.25204.80239.04
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.320.760.010.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.980.170.0318.6015.5518.33
 
Solvency ratiosSector median20242023202220212020
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%32%33%34%1%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
155%157%132%154%129%151%

Financials

Balance sheet
 
Assets20242023202220212020
Cash$337,625$136,058$441,341$234,058$1,139,905
Receivables, inventories, prepaids$130,571$130,571$34,949,429$34,949,429$35,080,000
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$468,196$266,629$35,390,770$35,183,487$36,219,905
Long-term investments$0$0$0$0$0
Fixed assets$0$0$900$1,500$2,100
Other long-term assets$51,536,668$52,001,669$17,437,531$0$0
Total long-term assets$51,536,668$52,001,669$17,438,431$1,500$2,100
Total assets$52,004,864$52,268,298$52,829,201$35,184,987$36,222,005
 
Liabilities20242023202220212020
Payables and accrued expenses$150,828$203,943$294,315$171,795$151,523
Other current liabilities$0$0$0$0$0
Total current liabilities$150,828$203,943$294,315$171,795$151,523
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$16,443,329$16,976,329$17,587,531$150,000$505,700
Total long-term liabilities$16,443,329$16,976,329$17,587,531$150,000$505,700
Total liabilities$16,594,157$17,180,272$17,881,846$321,795$657,223
 
Net assets20242023202220212020
Without donor restrictions$35,246,320$35,088,026$34,947,355$34,863,192$35,564,782
With donor restrictions$164,387$0$0$0$0
Net assets$35,410,707$35,088,026$34,947,355$34,863,192$35,564,782
 
Revenues and expenses
 
Revenue20242023202220212020
Total contributions$22,299,610$25,836,258$22,189,191$25,786,672$23,392,061
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$522,426$878,098$522,494$522,612$582,601
Other revenue$0$0$0$0$0
Total other revenue$522,426$878,098$522,494$522,612$582,601
Total revenue$22,822,036$26,714,356$22,711,685$26,309,284$23,974,662
 
Expenses20242023202220212020
Program services$19,219,403$22,854,835$18,831,855$23,678,053$19,098,174
Management and general$860,972$917,354$995,221$1,263,398$2,465,687
Fundraising$2,418,980$2,800,422$2,814,101$2,069,505$2,053,032
Total expenses$22,499,355$26,572,611$22,641,177$27,010,956$23,616,893
 
Change in net assets20242023202220212020
Surplus (deficit)$322,681$141,745$70,508($701,672)$357,769
Other changes in net assets$0$0$0$0$0
Total change in net assets$322,681$141,745$70,508($701,672)$357,769

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/14/2025. To update the information below, please email: [email protected]


History


Program accomplishments


Needs