Dream Center Of Lakeland Inc
Dream Center Of Lakeland Inc experiences significant revenue fluctuations and operated at a deficit in 2023.
EIN: 10686634 · Lakeland, FL · NTEE: B92 · Updated: 2026-03-28
Is Dream Center Of Lakeland Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dream Center Of Lakeland Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dream Center Of Lakeland Inc
Dream Center Of Lakeland Inc (EIN: 10686634) is a nonprofit organization based in Lakeland, FL, classified under NTEE code B92. The organization reported total revenue of $2.0M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dream Center Of Lakeland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dream Center Of Lakeland Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-1,450,045 |
| Total Assets | $1.4M |
| Total Liabilities | $863K |
| Net Assets | $521K |
| Operating Margin | -66.5% |
| Debt-to-Asset Ratio | 62.3% |
| Months of Reserves | 4.6 months |
Financial Health Grade: C
In 2023, Dream Center Of Lakeland Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 62.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Dream Center Of Lakeland Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.7% | +8.1% | -52.2% |
| 2022 | +283.1% | +190.1% | +137.0% |
| 2021 | +8.7% | +0.5% | +11.0% |
| 2020 | +25.2% | +39.1% | +3.6% |
| 2019 | -5.0% | +11.8% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Dream Center Of Lakeland Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Dream Center Of Lakeland Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.3%.
Executive Compensation Analysis
Dream Center Of Lakeland Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size with over $2 million in annual revenue.
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 Dream Center Of Lakeland Inc's IRS 990 filings:
- Significant operational deficit in 2023 ($1,450,045)
- Highly fluctuating revenue, from $5 million in 2022 to $2.18 million in 2023
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities, or that leadership is entirely volunteer-based.
Strengths
The following positive indicators were identified for Dream Center Of Lakeland Inc:
- Consistent reporting of 0% officer compensation, indicating direct resource allocation to mission.
- Improved asset-to-liability ratio in recent years, suggesting better balance sheet health.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Dream Center Of Lakeland Inc
Is Dream Center Of Lakeland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dream Center Of Lakeland Inc (EIN: 10686634) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Dream Center Of Lakeland Inc spend its money?
Dream Center Of Lakeland Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dream Center Of Lakeland Inc tax-deductible?
Dream Center Of Lakeland Inc is registered as a tax-exempt nonprofit (EIN: 10686634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dream Center Of Lakeland Inc a good charity?
Dream Center Of Lakeland Inc shows strong dedication to its mission by reporting 0% officer compensation, suggesting resources are directed to programs. However, the significant deficit in 2023 (expenses of $3,631,500 against revenue of $2,181,455) and fluctuating revenue streams warrant further investigation into its long-term financial stability and funding model.
Why did expenses exceed revenue by over $1.4 million in 2023?
In 2023, Dream Center Of Lakeland Inc reported expenses of $3,631,500 against revenue of $2,181,455. This substantial deficit of $1,450,045 suggests the organization either drew heavily from reserves, received significant non-cash contributions not fully reflected in revenue, or incurred one-time significant costs. Further details from the full 990 filing would be needed to understand the specific reasons.
How has the organization's financial stability changed over time?
The organization's financial stability has improved in terms of its asset-to-liability ratio. In earlier years (e.g., 2017-2019), liabilities often exceeded assets. By 2023, assets ($1,384,118) exceeded liabilities ($862,814), indicating a stronger balance sheet, despite the operational deficit in that specific year.
Filing History
IRS 990 filing history for Dream Center Of Lakeland Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dream Center Of Lakeland Inc's revenue has grown by 1405%, moving from $145K to $2.2M. Total assets increased by 41.3% over the same period, from $979K to $1.4M. Total functional expenses rose by 1263.3%, from $266K to $3.6M. In its most recent filing year (2023), Dream Center Of Lakeland Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $863K in liabilities against $1.4M in assets (debt-to-asset ratio: 62.3%), resulting in net assets of $521K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $3.6M | $1.4M | $863K | — | — |
| 2022 | $5.0M | $3.4M | $2.9M | $930K | — | View 990 |
| 2021 | $1.3M | $1.2M | $1.2M | $957K | — | View 990 |
| 2020 | $1.2M | $1.2M | $1.1M | $1.0M | — | — |
| 2019 | $967K | $829K | $1.1M | $1.0M | — | View 990 |
| 2018 | $1.0M | $741K | $949K | $1.0M | — | View 990 |
| 2017 | $554K | $474K | $962K | $1.3M | — | View 990 |
| 2016 | $418K | $419K | $898K | $1.3M | — | View 990 |
| 2015 | $434K | $386K | $960K | $1.4M | — | View 990 |
| 2014 | $316K | $345K | $910K | $1.4M | — | View 990 |
| 2013 | $340K | $324K | $967K | $1.4M | — | View 990 |
| 2012 | $366K | $361K | $1.1M | $1.6M | — | View 990 |
| 2011 | $145K | $266K | $979K | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $3.6M, and assets of $1.4M (revenue -56.7% year-over-year).
- 2022: Revenue of $5.0M, expenses of $3.4M, and assets of $2.9M (revenue +283.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $1.2M (revenue +8.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue +25.2% year-over-year).
- 2019: Revenue of $967K, expenses of $829K, and assets of $1.1M (revenue -5.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $741K, and assets of $949K (revenue +83.6% year-over-year).
- 2017: Revenue of $554K, expenses of $474K, and assets of $962K (revenue +32.7% year-over-year).
- 2016: Revenue of $418K, expenses of $419K, and assets of $898K (revenue -3.8% year-over-year).
- 2015: Revenue of $434K, expenses of $386K, and assets of $960K (revenue +37.3% year-over-year).
- 2014: Revenue of $316K, expenses of $345K, and assets of $910K (revenue -7.1% year-over-year).
- 2013: Revenue of $340K, expenses of $324K, and assets of $967K (revenue -7.1% year-over-year).
- 2012: Revenue of $366K, expenses of $361K, and assets of $1.1M (revenue +152.8% year-over-year).
- 2011: Revenue of $145K, expenses of $266K, and assets of $979K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dream Center Of Lakeland Inc:
Data Sources and Methodology
This transparency report for Dream Center Of Lakeland 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.