Latest filing shows $0 revenue and assets, potentially indicating inactivity or cessation of operations.
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
No reported liabilities across all filings, suggesting sound financial management.
Consistent filing history demonstrates transparency and compliance.
All revenue consistently expended, indicating direct application of funds to mission.
Spending Breakdown
How Proud Dreams Farm Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Proud Dreams Farm Inc
Is Proud Dreams Farm Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Proud Dreams Farm Inc (EIN: 208063154) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is Proud Dreams Farm Inc a good charity to donate to?
Proud Dreams Farm Inc has a Mission Score of 75/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Proud Dreams Farm Inc?
The Employer Identification Number (EIN) for Proud Dreams Farm Inc is 208063154. 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 Proud Dreams Farm Inc spend its money?
Proud Dreams Farm Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Proud Dreams Farm Inc's tax-exempt status?
You can verify Proud Dreams Farm Inc's tax-exempt status using EIN 208063154 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
Proud Dreams Farm Inc. appears to be a very small, consistently break-even organization based on its IRS 990 filings. For the past decade, its revenue and expenses have been nearly identical, ranging from approximately $9,000 to $20,000 annually. This indicates that the organization spends what it brings in each year, with no significant accumulation of assets or liabilities. Its assets have remained minimal, consistently around $735-$998, and liabilities have been reported as $0 across all filings, suggesting a very lean operational model.
The organization's latest filing shows $0 in revenue and assets, which could indicate a period of inactivity or a change in reporting. However, prior to this, its financial activity was stable but modest. The consistent reporting of 0% officer compensation across all filings suggests that the organization is run by volunteers, which is a positive indicator for donor dollars directly supporting its mission. Without more detailed expense breakdowns, it's challenging to assess spending efficiency beyond the fact that all revenue is expended annually.
Transparency is generally good given the consistent filing history and the clear reporting of revenue, expenses, assets, and liabilities. The lack of officer compensation is a strong point for transparency and efficiency. However, the recent $0 revenue and asset filing warrants further investigation to understand the current operational status of the organization.