Cargo Of Dreams Inc
EIN: 262149674 · Simpsonville, SC · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $23K |
| Net Assets | $31K |
Is Cargo Of Dreams Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cargo Of Dreams Inc
Cargo Of Dreams Inc (EIN: 262149674) is a nonprofit organization based in Simpsonville, SC, classified under NTEE code P20. The organization reported total revenue of $59K and total assets of $252K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cargo Of Dreams Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cargo Of Dreams Inc is a micro nonprofit that has been operating for 2 years, with 5 years of IRS 990 filings on record (2010–2014). Revenue has grown at a compound annual rate of -40.7%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $23K |
| Surplus / Deficit | +$8K |
| Total Assets | $35K |
| Total Liabilities | $3K |
| Net Assets | $31K |
| Operating Margin | 25.0% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 18.4 months |
Financial Health Grade: A
In 2014, Cargo Of Dreams Inc reported a surplus of $8K with revenue exceeding expenses, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 5 years of filings (2010–2014), Cargo Of Dreams Inc's revenue has declined at a compound annual growth rate (CAGR) of -40.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -76.9% | -82.0% | -6.6% |
| 2013 | +53.3% | +44.5% | +18.4% |
| 2012 | -64.2% | -62.7% | -5.4% |
| 2011 | -2.0% | +0.6% | +60.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cargo Of Dreams Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cargo Of Dreams Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.6%.
Frequently Asked Questions about Cargo Of Dreams Inc
Is Cargo Of Dreams Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cargo Of Dreams Inc (EIN: 262149674) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cargo Of Dreams Inc spend its money?
Detailed spending breakdown data is not yet available for Cargo Of Dreams Inc. Check back for updated IRS 990 analysis.
Are donations to Cargo Of Dreams Inc tax-deductible?
Cargo Of Dreams Inc is registered as a tax-exempt nonprofit (EIN: 262149674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cargo Of Dreams Inc located?
Cargo Of Dreams Inc is headquartered in Simpsonville, South Carolina and files with the IRS under EIN 262149674. It is classified under NTEE code P20.
How many years of IRS 990 filings does Cargo Of Dreams Inc have?
Cargo Of Dreams Inc has 5 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 $59K in total revenue.
Filing History
IRS 990 filing history for Cargo Of Dreams Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Cargo Of Dreams Inc's revenue has declined by 87.6%, moving from $244K to $30K. Total assets increased by 68% over the same period, from $21K to $35K. Total functional expenses fell by 90.2%, from $232K to $23K. In its most recent filing year (2014), Cargo Of Dreams Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $3K in liabilities against $35K in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $30K | $23K | $35K | $3K | — | View 990 |
| 2013 | $131K | $126K | $37K | $13K | — | View 990 |
| 2012 | $86K | $87K | $31K | $13K | — | View 990 |
| 2011 | $239K | $234K | $33K | $17K | — | View 990 |
| 2010 | $244K | $232K | $21K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $30K, expenses of $23K, and assets of $35K (revenue -76.9% year-over-year).
- 2013: Revenue of $131K, expenses of $126K, and assets of $37K (revenue +53.3% year-over-year).
- 2012: Revenue of $86K, expenses of $87K, and assets of $31K (revenue -64.2% year-over-year).
- 2011: Revenue of $239K, expenses of $234K, and assets of $33K (revenue -2.0% year-over-year).
- 2010: Revenue of $244K, expenses of $232K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cargo Of Dreams Inc:
Data Sources and Methodology
This transparency report for Cargo Of Dreams Inc 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.