Dream Riders Of Kentucky Incorporated
Dream Riders Of Kentucky shows consistent growth and no executive compensation, but reported a deficit in its latest fiscal year.
EIN: 10802025 · Philpot, KY · NTEE: P80 · Updated: 2026-03-28
Is Dream Riders Of Kentucky Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dream Riders Of Kentucky Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dream Riders Of Kentucky Incorporated
Dream Riders Of Kentucky Incorporated (EIN: 10802025) is a nonprofit organization based in Philpot, KY, classified under NTEE code P80. The organization reported total revenue of $328K and total assets of $422K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dream Riders Of Kentucky Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dream Riders Of Kentucky Incorporated with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Dream Riders Of Kentucky Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Dream Riders Of Kentucky consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator of financial efficiency and a strong commitment to directing all funds towards program delivery.
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 Riders Of Kentucky Incorporated's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal period (202312), indicating a deficit for that year.
Strengths
The following positive indicators were identified for Dream Riders Of Kentucky Incorporated:
- Consistent growth in revenue and assets over the past decade.
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Regular and consistent IRS 990 filing history (11 filings), demonstrating transparency.
- Substantial asset base ($507,412 in 2023) provides financial stability.
Frequently Asked Questions about Dream Riders Of Kentucky Incorporated
Is Dream Riders Of Kentucky Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Dream Riders Of Kentucky Incorporated (EIN: 10802025) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Dream Riders Of Kentucky Incorporated spend its money?
Dream Riders Of Kentucky Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dream Riders Of Kentucky Incorporated tax-deductible?
Dream Riders Of Kentucky Incorporated is registered as a tax-exempt nonprofit (EIN: 10802025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dream Riders Of Kentucky a good charity?
Based on the available data, Dream Riders Of Kentucky appears to be a good charity. It demonstrates consistent growth in revenue and assets, has a strong track record of no executive compensation, and regularly files its IRS 990s, indicating transparency. The recent deficit in 2023 is a minor concern but is offset by substantial assets and a history of financial health.
What caused the deficit in the 2023 fiscal year?
The IRS 990 data shows that in the 202312 period, expenses ($285,408) exceeded revenue ($262,108) by $23,300. Without a detailed breakdown of expenses from the full 990 form, the specific causes of this deficit cannot be precisely determined, but it suggests increased operational costs or a temporary dip in fundraising compared to previous years.
How has the organization's financial health changed over time?
The organization has shown significant financial growth over the past decade. Revenue increased from $80,087 in 2012 to $262,108 in 2023, and assets grew from $110,500 to $507,412 in the same period. While there was a deficit in 2023, the overall trend indicates robust expansion and increased capacity.
Filing History
IRS 990 filing history for Dream Riders Of Kentucky Incorporated showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Dream Riders Of Kentucky Incorporated's revenue has grown by 186.4%, moving from $92K to $262K. Total assets increased by 427.7% over the same period, from $96K to $507K. Total functional expenses rose by 273.2%, from $76K to $285K. In its most recent filing year (2023), Dream Riders Of Kentucky Incorporated reported a deficit of $23K, with expenses exceeding revenue. The organization holds $794 in liabilities against $507K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $507K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $285K | $507K | $794 | — | — |
| 2021 | $440K | $188K | $606K | $12K | — | View 990 |
| 2019 | $164K | $148K | $362K | $0 | — | View 990 |
| 2018 | $150K | $75K | $354K | $0 | — | View 990 |
| 2017 | $113K | $97K | $279K | $0 | — | View 990 |
| 2016 | $107K | $93K | $262K | $0 | — | View 990 |
| 2015 | $168K | $95K | $249K | $850 | — | View 990 |
| 2014 | $120K | $69K | $235K | $59K | — | View 990 |
| 2013 | $124K | $90K | $125K | $0 | — | View 990 |
| 2012 | $80K | $83K | $111K | $1K | — | View 990 |
| 2010 | $92K | $76K | $96K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $285K, and assets of $507K (revenue -40.4% year-over-year).
- 2021: Revenue of $440K, expenses of $188K, and assets of $606K (revenue +168.4% year-over-year).
- 2019: Revenue of $164K, expenses of $148K, and assets of $362K (revenue +9.1% year-over-year).
- 2018: Revenue of $150K, expenses of $75K, and assets of $354K (revenue +33.0% year-over-year).
- 2017: Revenue of $113K, expenses of $97K, and assets of $279K (revenue +5.9% year-over-year).
- 2016: Revenue of $107K, expenses of $93K, and assets of $262K (revenue -36.4% year-over-year).
- 2015: Revenue of $168K, expenses of $95K, and assets of $249K (revenue +39.7% year-over-year).
- 2014: Revenue of $120K, expenses of $69K, and assets of $235K (revenue -3.1% year-over-year).
- 2013: Revenue of $124K, expenses of $90K, and assets of $125K (revenue +54.6% year-over-year).
- 2012: Revenue of $80K, expenses of $83K, and assets of $111K (revenue -12.5% year-over-year).
- 2010: Revenue of $92K, expenses of $76K, and assets of $96K.
Data Sources and Methodology
This transparency report for Dream Riders Of Kentucky 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.