Quick charity verification for Building Dreams Inc (EIN: 202445317)
Verdict: Building Dreams Inc shows mixed signals
50/100Mission Score
$0Revenue
$1Assets
3Red Flags
1Strengths
Red Flags
Consistent $0 revenue and expenses for multiple years, indicating dormancy or lack of operations.
Minimal assets ($1 for the latest period), suggesting no significant financial base.
No discernible program activity or impact based on financial filings.
Strengths
Consistent filing of IRS 990 forms, demonstrating compliance with reporting requirements even without financial activity.
Spending Breakdown
How Building Dreams Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Building Dreams Inc
Is Building Dreams Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Dreams Inc (EIN: 202445317) shows mixed signals. Mission Score: 50/100. 3 red flags identified, 1 strength noted.
Is Building Dreams Inc a good charity to donate to?
Building Dreams Inc has a Mission Score of 50/100. Revenue: $0. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Building Dreams Inc?
The Employer Identification Number (EIN) for Building Dreams Inc is 202445317. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Building Dreams Inc spend its money?
Building Dreams Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Building Dreams Inc's tax-exempt status?
You can verify Building Dreams Inc's tax-exempt status using EIN 202445317 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Building Dreams Inc appears to be a dormant or very early-stage organization based on its IRS 990 filings. For the latest reporting period (202012) and several preceding years, the organization reported $0 in revenue and expenses, with minimal assets ($1). This consistent lack of financial activity makes it impossible to assess spending efficiency or program impact. The organization's financial history shows only two periods (201312 and 201412) with any reported revenue, totaling less than $2,500 combined, and $0 expenses in those years as well. Without any operational spending, there's no basis to evaluate how funds are being utilized or if programs are being delivered.
Transparency is limited by the absence of financial activity. While the filings are publicly available, the lack of reported operations means there's little to disclose beyond the organization's existence. The consistent reporting of $0 officer compensation across all filings indicates that no salaries are being paid, which is expected given the lack of revenue and expenses. Overall, Building Dreams Inc does not currently demonstrate active financial operations that would allow for a meaningful assessment of its financial health or program delivery.