Quick charity verification for Dream Center Of Lakeland Inc (EIN: 10686634)
Verdict: Dream Center Of Lakeland Inc appears trustworthy
85/100Mission Score
$2.0MRevenue
$1.5MAssets
3Red Flags
3Strengths
Red Flags
Significant operational deficit in 2023 ($1,450,045)
Highly fluctuating revenue, from $5 million in 2022 to $2.18 million in 2023
Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities, or that leadership is entirely volunteer-based.
Strengths
Consistent reporting of 0% officer compensation, indicating direct resource allocation to mission.
Improved asset-to-liability ratio in recent years, suggesting better balance sheet health.
How Dream Center Of Lakeland Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Dream Center Of Lakeland Inc
Is Dream Center Of Lakeland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dream Center Of Lakeland Inc (EIN: 10686634) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Dream Center Of Lakeland Inc a good charity to donate to?
Dream Center Of Lakeland Inc has a Mission Score of 85/100. Revenue: $2.0M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dream Center Of Lakeland Inc?
The Employer Identification Number (EIN) for Dream Center Of Lakeland Inc is 10686634. 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 Dream Center Of Lakeland Inc spend its money?
Dream Center Of Lakeland Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dream Center Of Lakeland Inc's tax-exempt status?
You can verify Dream Center Of Lakeland Inc's tax-exempt status using EIN 10686634 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
Dream Center Of Lakeland Inc demonstrates fluctuating financial health over the past few years. While revenue saw a significant jump to over $5 million in 2022, it dropped to $2.18 million in 2023, accompanied by expenses exceeding revenue by over $1.4 million in 2023. This indicates a reliance on prior year surpluses or other funding sources to cover operational costs. The organization consistently reports 0% officer compensation, which is a positive indicator for resource allocation directly to mission-related activities. However, the substantial liabilities, often exceeding assets in earlier years, suggest potential financial strain, though the asset-to-liability ratio has improved in recent filings.
The spending efficiency appears to be strong in terms of executive compensation, as no officer compensation is reported. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. However, the consistent reporting of 0% officer compensation suggests a commitment to minimizing overhead in that specific area. The organization's transparency is good in terms of filing its IRS 990s consistently, providing a clear historical record of its financial activities.