Delaware Dreams Inc
EIN: 510301470 · Hockessin, DE · NTEE: T31Z
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $37K |
| Net Assets | $618K |
Is Delaware 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 Delaware Dreams Inc
Delaware Dreams Inc (EIN: 510301470) is a nonprofit organization based in Hockessin, DE, classified under NTEE code T31Z. The organization reported total revenue of $95K and total assets of $637K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Dreams Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Dreams Inc is a micro nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $37K |
| Surplus / Deficit | +$3K |
| Total Assets | $618K |
| Total Liabilities | $1 |
| Net Assets | $618K |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 202.0 months |
Financial Health Grade: A
In 2023, Delaware Dreams Inc reported a surplus of $3K with revenue exceeding expenses, holds 202.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Delaware Dreams Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +102.0% | +22.1% | +0.5% |
| 2022 | -76.4% | +9.8% | -1.7% |
| 2021 | +205.0% | +16.9% | +9.7% |
| 2020 | -6.1% | -36.7% | +0.7% |
| 2019 | -26.8% | -10.3% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Delaware 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 Delaware 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Delaware Dreams Inc
Is Delaware Dreams Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware Dreams Inc (EIN: 510301470) insufficient data. 0 red flags identified, 0 strengths noted.
How does Delaware Dreams Inc spend its money?
Detailed spending breakdown data is not yet available for Delaware Dreams Inc. Check back for updated IRS 990 analysis.
Are donations to Delaware Dreams Inc tax-deductible?
Delaware Dreams Inc is registered as a tax-exempt nonprofit (EIN: 510301470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Delaware Dreams Inc located?
Delaware Dreams Inc is headquartered in Hockessin, Delaware and files with the IRS under EIN 510301470. It is classified under NTEE code T31Z.
How many years of IRS 990 filings does Delaware Dreams Inc have?
Delaware Dreams Inc has 10 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 $95K in total revenue.
Filing History
IRS 990 filing history for Delaware Dreams Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Delaware Dreams Inc's revenue has grown by 126.2%, moving from $18K to $40K. Total assets increased by 0.6% over the same period, from $615K to $618K. Total functional expenses fell by 7.5%, from $40K to $37K. In its most recent filing year (2023), Delaware Dreams Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $618K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $618K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $37K | $618K | $1 | — | — |
| 2022 | $20K | $30K | $616K | $1 | — | — |
| 2021 | $83K | $27K | $626K | $1 | — | — |
| 2020 | $27K | $23K | $571K | $1 | — | — |
| 2019 | $29K | $37K | $567K | $1 | — | View 990 |
| 2015 | $40K | $41K | $588K | $1 | — | View 990 |
| 2014 | $37K | $42K | $588K | $1 | — | View 990 |
| 2013 | $29K | $38K | $591K | $1 | — | View 990 |
| 2012 | $20K | $35K | $599K | $1 | — | View 990 |
| 2011 | $18K | $40K | $615K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $37K, and assets of $618K (revenue +102.0% year-over-year).
- 2022: Revenue of $20K, expenses of $30K, and assets of $616K (revenue -76.4% year-over-year).
- 2021: Revenue of $83K, expenses of $27K, and assets of $626K (revenue +205.0% year-over-year).
- 2020: Revenue of $27K, expenses of $23K, and assets of $571K (revenue -6.1% year-over-year).
- 2019: Revenue of $29K, expenses of $37K, and assets of $567K (revenue -26.8% year-over-year).
- 2015: Revenue of $40K, expenses of $41K, and assets of $588K (revenue +5.6% year-over-year).
- 2014: Revenue of $37K, expenses of $42K, and assets of $588K (revenue +30.3% year-over-year).
- 2013: Revenue of $29K, expenses of $38K, and assets of $591K (revenue +42.9% year-over-year).
- 2012: Revenue of $20K, expenses of $35K, and assets of $599K (revenue +15.0% year-over-year).
- 2011: Revenue of $18K, expenses of $40K, and assets of $615K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Dreams Inc:
Data Sources and Methodology
This transparency report for Delaware 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.