Quick charity verification for I Have A Dream Foundation (EIN: 133355315)
Verdict: I Have A Dream Foundation appears trustworthy
88/100Mission Score
$4.4MRevenue
$3.4MAssets
1Red Flags
3Strengths
Red Flags
Consistent operational deficits in the last two reported periods (2022 and 2023), where expenses exceeded revenue.
Strengths
Zero reported officer compensation across all available filings, indicating high financial transparency and dedication to mission.
Healthy asset base, with $3,458,390 in 2023, providing a buffer despite recent operational deficits.
Strong program focus implied by the absence of executive compensation, suggesting a high percentage of funds are directed to beneficiaries.
Spending Breakdown
How I Have A Dream Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 I Have A Dream Foundation
Is I Have A Dream Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, I Have A Dream Foundation (EIN: 133355315) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 3 strengths noted.
Is I Have A Dream Foundation a good charity to donate to?
I Have A Dream Foundation has a Mission Score of 88/100. Revenue: $4.4M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for I Have A Dream Foundation?
The Employer Identification Number (EIN) for I Have A Dream Foundation is 133355315. 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 I Have A Dream Foundation spend its money?
I Have A Dream Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify I Have A Dream Foundation's tax-exempt status?
You can verify I Have A Dream Foundation's tax-exempt status using EIN 133355315 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
The I Have A Dream Foundation demonstrates a generally stable financial position, though recent years show expenses exceeding revenue. In 2023, expenses were $4,529,557 against revenue of $4,241,764, resulting in a deficit. This trend was also observed in 2022, with expenses of $3,609,766 exceeding revenue of $3,475,384. While the organization has maintained healthy asset levels, reaching $3,458,390 in 2023, the consistent operational deficits warrant close monitoring to ensure long-term sustainability. The absence of reported officer compensation across all available filings is a significant positive indicator of financial transparency and a commitment to directing funds towards the mission.