Quick charity verification for Faith & Dreams Inc (EIN: 10974882)
Verdict: Faith & Dreams Inc shows mixed signals
55/100Mission Score
$401KRevenue
$14KAssets
3Red Flags
2Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) in most recent years (2016, 2015, 2014, 2013).
Liabilities significantly exceed assets, indicating a negative net asset position ($63,540 liabilities vs. $13,947 assets in 2016).
Declining asset base over time, from $41,458 in 2010 to $13,947 in 2016.
Strengths
No reported officer compensation across all filings, indicating efficient use of funds for mission-related activities.
Long filing history (7 filings) suggests consistent reporting, contributing to transparency.
Spending Breakdown
How Faith & Dreams Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Faith & Dreams Inc
Is Faith & Dreams Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith & Dreams Inc (EIN: 10974882) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Faith & Dreams Inc a good charity to donate to?
Faith & Dreams Inc has a Mission Score of 55/100. Revenue: $401K. Assets: $14K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Faith & Dreams Inc?
The Employer Identification Number (EIN) for Faith & Dreams Inc is 10974882. 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 Faith & Dreams Inc spend its money?
Faith & Dreams Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Faith & Dreams Inc's tax-exempt status?
You can verify Faith & Dreams Inc's tax-exempt status using EIN 10974882 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
Faith & Dreams Inc. exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years, leading to a negative net asset position. For example, in 2016, expenses of $435,241 outstripped revenue of $401,344. This operational deficit, coupled with liabilities significantly exceeding assets (e.g., $63,540 in liabilities vs. $13,947 in assets in 2016), indicates potential financial instability and a reliance on future funding or debt. The organization's assets have also shown a declining trend from a high of $41,458 in 2010 to $13,947 in 2016, further highlighting a weakening financial foundation.
While the provided data does not detail specific spending categories, the consistent operational losses suggest that the organization may struggle with spending efficiency or revenue generation relative to its program delivery. The absence of reported officer compensation across all filings is a positive indicator of resource allocation towards the mission rather than executive salaries, which is a strength in terms of transparency and donor trust. However, the overall financial health requires close monitoring, as sustained deficits could jeopardize its long-term viability and ability to fulfill its mission.