Building Dreams Incorporated
Building Dreams Incorporated consistently operates at a deficit, depleting assets over the past decade.
EIN: 208175343 · Louisville, KY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $84K |
| Program Spending | 70% |
| Net Assets | $742K |
| Transparency Score | 45/100 |
Is Building Dreams Incorporated Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Building Dreams Incorporated directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Building Dreams Incorporated
Building Dreams Incorporated (EIN: 208175343) is a nonprofit organization based in Louisville, KY, classified under NTEE code L21. The organization reported total revenue of $60K and total assets of $720K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Dreams Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Dreams Incorporated is a micro nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $84K |
| Surplus / Deficit | $-30,223 |
| Total Assets | $745K |
| Total Liabilities | $4K |
| Net Assets | $742K |
| Operating Margin | -55.9% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 106.1 months |
Financial Health Grade: B
In 2024, Building Dreams Incorporated reported a deficit of $30K with expenses exceeding revenue, holds 106.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Building Dreams Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.8% | +2.0% | -4.1% |
| 2023 | +2.3% | +7.7% | -3.6% |
| 2022 | +2.1% | -0.5% | -2.8% |
| 2021 | +2.7% | +9.4% | -2.9% |
| 2020 | +10.8% | +5.1% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Building Dreams Incorporated with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Building Dreams Incorporated allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is a positive sign for resource allocation given its relatively small revenue base.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Building Dreams Incorporated's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in all reported periods)
- Declining asset base (from $995,716 in 2015 to $745,357 in 2024)
- Unsustainable financial model (reliance on asset depletion to cover operations)
- Stagnant revenue growth over a decade
Strengths
The following positive indicators were identified for Building Dreams Incorporated:
- 0% officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Long operational history with 14 filings, suggesting consistent commitment to its mission.
Frequently Asked Questions about Building Dreams Incorporated
Is Building Dreams Incorporated a legitimate charity?
Building Dreams Incorporated (EIN: 208175343) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 45/100. It has 14 years of IRS 990 filings on record. Total revenue: $60K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Building Dreams Incorporated spend its money?
Building Dreams Incorporated directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Building Dreams Incorporated tax-deductible?
Building Dreams Incorporated is registered as a tax-exempt nonprofit (EIN: 208175343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Building Dreams Incorporated's spending goes to programs?
Building Dreams Incorporated directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Building Dreams Incorporated compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Building Dreams Incorporated is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Building Dreams Incorporated located?
Building Dreams Incorporated is headquartered in Louisville, Kentucky and files with the IRS under EIN 208175343. It is classified under NTEE code L21.
How many years of IRS 990 filings does Building Dreams Incorporated have?
Building Dreams Incorporated has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $60K in total revenue.
How does Building Dreams Incorporated cover its consistent operating deficits?
The organization appears to cover its operating deficits by drawing down its assets, which have decreased from $995,716 in 2015 to $745,357 in 2024.
What is the long-term financial sustainability of Building Dreams Incorporated?
The long-term financial sustainability is questionable given the consistent operating deficits and the ongoing depletion of assets, which is not a sustainable model without significant changes to revenue or expense structure.
What are the primary expense categories for Building Dreams Incorporated?
The provided data only gives total expenses. Without a detailed breakdown, it's difficult to ascertain the primary expense categories, such as program, administrative, or fundraising costs.
Why has revenue remained relatively stagnant while expenses have generally increased?
Revenue has remained relatively stagnant, hovering around $38,000-$54,000, while expenses have generally increased, reaching $84,282 in 2024, contributing to the widening operating deficit.
Filing History
IRS 990 filing history for Building Dreams Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Building Dreams Incorporated's revenue has grown by 40.8%, moving from $38K to $54K. Total assets decreased by 31.9% over the same period, from $1.1M to $745K. Total functional expenses rose by 43.4%, from $59K to $84K. In its most recent filing year (2024), Building Dreams Incorporated reported a deficit of $30K, with expenses exceeding revenue. The organization holds $4K in liabilities against $745K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $742K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $54K | $84K | $745K | $4K | — | — |
| 2023 | $54K | $83K | $777K | $5K | — | View 990 |
| 2022 | $52K | $77K | $806K | $5K | — | View 990 |
| 2021 | $51K | $77K | $829K | $4K | — | — |
| 2020 | $50K | $71K | $854K | $3K | — | View 990 |
| 2019 | $45K | $67K | $883K | $11K | — | View 990 |
| 2018 | $38K | $71K | $915K | $21K | — | View 990 |
| 2017 | $38K | $63K | $936K | $9K | — | View 990 |
| 2016 | $38K | $79K | $955K | $3K | — | View 990 |
| 2015 | $38K | $63K | $996K | $3K | — | View 990 |
| 2014 | $40K | $62K | $1.0M | $4K | — | View 990 |
| 2013 | $38K | $63K | $1.0M | $4K | — | View 990 |
| 2012 | $39K | $61K | $1.1M | $4K | — | View 990 |
| 2011 | $38K | $59K | $1.1M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $54K, expenses of $84K, and assets of $745K (revenue +0.8% year-over-year).
- 2023: Revenue of $54K, expenses of $83K, and assets of $777K (revenue +2.3% year-over-year).
- 2022: Revenue of $52K, expenses of $77K, and assets of $806K (revenue +2.1% year-over-year).
- 2021: Revenue of $51K, expenses of $77K, and assets of $829K (revenue +2.7% year-over-year).
- 2020: Revenue of $50K, expenses of $71K, and assets of $854K (revenue +10.8% year-over-year).
- 2019: Revenue of $45K, expenses of $67K, and assets of $883K (revenue +18.0% year-over-year).
- 2018: Revenue of $38K, expenses of $71K, and assets of $915K (revenue +0.0% year-over-year).
- 2017: Revenue of $38K, expenses of $63K, and assets of $936K (revenue -0.1% year-over-year).
- 2016: Revenue of $38K, expenses of $79K, and assets of $955K (revenue -0.2% year-over-year).
- 2015: Revenue of $38K, expenses of $63K, and assets of $996K (revenue -4.5% year-over-year).
- 2014: Revenue of $40K, expenses of $62K, and assets of $1.0M (revenue +5.0% year-over-year).
- 2013: Revenue of $38K, expenses of $63K, and assets of $1.0M (revenue -2.9% year-over-year).
- 2012: Revenue of $39K, expenses of $61K, and assets of $1.1M (revenue +2.5% year-over-year).
- 2011: Revenue of $38K, expenses of $59K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Dreams Incorporated:
Data Sources and Methodology
This transparency report for Building Dreams Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.