Faith & Dreams Inc

Faith & Dreams Inc. faces persistent operational deficits and declining assets, raising concerns about long-term financial stability.

EIN: 10974882 · Columbus, OH · NTEE: P33 · Updated: 2026-03-27

$401KRevenue

$14KAssets

55/100Mission Score (Fair)

P33

About Faith & Dreams Inc

Faith & Dreams Inc (EIN: 10974882) is a nonprofit organization based in Columbus, OH, classified under NTEE code P33. The organization reported total revenue of $401K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith & Dreams Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Faith & Dreams Inc. exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years, leading to a negative net asset position. For example, in 2016, expenses of $435,241 outstripped revenue of $401,344. This operational deficit, coupled with liabilities significantly exceeding assets (e.g., $63,540 in liabilities vs. $13,947 in assets in 2016), indicates potential financial instability and a reliance on future funding or debt. The organization's assets have also shown a declining trend from a high of $41,458 in 2010 to $13,947 in 2016, further highlighting a weakening financial foundation.

While the provided data does not detail specific spending categories, the consistent operational losses suggest that the organization may struggle with spending efficiency or revenue generation relative to its program delivery. The absence of reported officer compensation across all filings is a positive indicator of resource allocation towards the mission rather than executive salaries, which is a strength in terms of transparency and donor trust. However, the overall financial health requires close monitoring, as sustained deficits could jeopardize its long-term viability and ability to fulfill its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Faith & Dreams Inc with a Mission Score of 55 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Faith & Dreams Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Faith & Dreams Inc. reports 0% officer compensation across all seven available filings, indicating that no salaries were paid to its officers, which is a strong positive for resource allocation and donor confidence.

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 Faith & Dreams Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue) in most recent years (2016, 2015, 2014, 2013).
Liabilities significantly exceed assets, indicating a negative net asset position ($63,540 liabilities vs. $13,947 assets in 2016).
Declining asset base over time, from $41,458 in 2010 to $13,947 in 2016.

Strengths

The following positive indicators were identified for Faith & Dreams Inc:

No reported officer compensation across all filings, indicating efficient use of funds for mission-related activities.
Long filing history (7 filings) suggests consistent reporting, contributing to transparency.

Frequently Asked Questions about Faith & Dreams Inc

Is Faith & Dreams Inc. financially stable?

Based on the provided data, Faith & Dreams Inc. shows signs of financial instability, with expenses consistently exceeding revenue in recent years (e.g., 2016, 2015, 2014, 2013) and liabilities significantly outweighing assets ($63,540 liabilities vs. $13,947 assets in 2016).

What is the trend in the organization's assets?

The organization's assets have generally declined over the filing periods, from $41,458 in 2010 to $13,947 in 2016, indicating a reduction in its financial reserves.

Does the organization pay its officers?

No, the IRS 990 filings consistently report 0% officer compensation, meaning no salaries were paid to the organization's officers during these periods.

Filing History

IRS 990 filing history for Faith & Dreams Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2010–2016), Faith & Dreams Inc's revenue has grown by 26.1%, moving from $318K to $401K. Total assets decreased by 66.4% over the same period, from $41K to $14K. Total functional expenses rose by 40.1%, from $311K to $435K. In its most recent filing year (2016), Faith & Dreams Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $64K in liabilities against $14K in assets (debt-to-asset ratio: 455.6%), resulting in net assets of $-49,593.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2016	$401K	$435K	$14K	$64K	—	View 990
2015	$327K	$329K	$18K	$34K	—	View 990
2014	$589K	$590K	$20K	$34K	—	View 990
2013	$864K	$892K	$13K	$26K	—	View 990
2012	$964K	$952K	$33K	$18K	—	View 990
2011	$1.0M	$1.0M	$3K	$0	—	View 990
2010	$318K	$311K	$41K	$34K	—	View 990

Year-by-Year Financial Summary

2016: Revenue of $401K, expenses of $435K, and assets of $14K (revenue +22.6% year-over-year).
2015: Revenue of $327K, expenses of $329K, and assets of $18K (revenue -44.4% year-over-year).
2014: Revenue of $589K, expenses of $590K, and assets of $20K (revenue -31.8% year-over-year).
2013: Revenue of $864K, expenses of $892K, and assets of $13K (revenue -10.5% year-over-year).
2012: Revenue of $964K, expenses of $952K, and assets of $33K (revenue -4.1% year-over-year).
2011: Revenue of $1.0M, expenses of $1.0M, and assets of $3K (revenue +216.2% year-over-year).
2010: Revenue of $318K, expenses of $311K, and assets of $41K.

Data Sources and Methodology

This transparency report for Faith & 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.