Garden Of Dreams Foundation
Garden Of Dreams Foundation maintains stable finances with zero executive compensation.
EIN: 133979726 · New York, NY · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.4M |
| Total Expenses | $6.3M |
| Program Spending | 90% |
| Net Assets | $3.5M |
| Transparency Score | 95/100 |
Is Garden Of Dreams Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Garden Of Dreams Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Garden Of Dreams Foundation
Garden Of Dreams Foundation (EIN: 133979726) is a nonprofit organization based in New York, NY, classified under NTEE code T30. The organization reported total revenue of $10.4M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garden Of Dreams Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garden Of Dreams Foundation is a large nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.3M |
| Surplus / Deficit | $-325,683 |
| Total Assets | $4.0M |
| Total Liabilities | $530K |
| Net Assets | $3.5M |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 13.2% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Garden Of Dreams Foundation reported a deficit of $326K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Garden Of Dreams Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | +54.9% | -1.5% |
| 2022 | +272.3% | +262.0% | +26.6% |
| 2021 | -74.2% | -85.9% | -10.5% |
| 2020 | -42.6% | +12.5% | -45.7% |
| 2019 | +16.8% | -7.8% | +29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Garden Of Dreams Foundation with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Garden Of Dreams Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $326K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with annual revenues often exceeding several million dollars.
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 Garden Of Dreams Foundation's IRS 990 filings:
- Expenses slightly exceeded revenue in 2023 ($6,296,809 vs. $5,971,126), and significantly in 2020 ($7,946,176 vs. $4,893,422), which could indicate periods of deficit spending.
Strengths
The following positive indicators were identified for Garden Of Dreams Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Generally stable financial health with assets consistently exceeding liabilities.
- Significant revenue generation, often in the multi-million dollar range, demonstrating strong fundraising capabilities.
- Low liabilities relative to assets, indicating strong financial solvency.
Frequently Asked Questions about Garden Of Dreams Foundation
Is Garden Of Dreams Foundation a legitimate charity?
Garden Of Dreams Foundation (EIN: 133979726) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.4M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Garden Of Dreams Foundation spend its money?
Garden Of Dreams Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Garden Of Dreams Foundation tax-deductible?
Garden Of Dreams Foundation is registered as a tax-exempt nonprofit (EIN: 133979726). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Garden Of Dreams Foundation's spending goes to programs?
Garden Of Dreams Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Garden Of Dreams Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Garden Of Dreams Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Garden Of Dreams Foundation located?
Garden Of Dreams Foundation is headquartered in New York, New York and files with the IRS under EIN 133979726. It is classified under NTEE code T30.
How many years of IRS 990 filings does Garden Of Dreams Foundation have?
Garden Of Dreams Foundation has 13 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 $10.4M in total revenue.
Is Garden Of Dreams Foundation a good charity?
Based on the financial data, Garden Of Dreams Foundation appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. Its program spending is likely very high given this fact, and its financial health is stable with growing assets and low liabilities.
How has the organization's revenue trended over the last few years?
The organization's revenue has fluctuated but generally remained strong. It saw a dip in 2021 ($1,261,659) but rebounded significantly in 2022 ($4,697,201) and 2023 ($5,971,126), though it has not reached its peak revenue years like 2015 ($10,463,878).
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly commendable, as all available IRS 990 filings consistently report 0% officer compensation. This means no salaries are paid to its officers, maximizing funds available for programs.
Filing History
IRS 990 filing history for Garden Of Dreams Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Garden Of Dreams Foundation's revenue has grown by 137.8%, moving from $2.5M to $6.0M. Total assets increased by 74.9% over the same period, from $2.3M to $4.0M. Total functional expenses rose by 171.3%, from $2.3M to $6.3M. In its most recent filing year (2023), Garden Of Dreams Foundation reported a deficit of $326K, with expenses exceeding revenue. The organization holds $530K in liabilities against $4.0M in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $6.3M | $4.0M | $530K | — | — |
| 2022 | $4.7M | $4.1M | $4.1M | $266K | — | View 990 |
| 2021 | $1.3M | $1.1M | $3.2M | $40K | — | View 990 |
| 2020 | $4.9M | $7.9M | $3.6M | $130K | — | — |
| 2019 | $8.5M | $7.1M | $6.6M | $107K | — | View 990 |
| 2018 | $7.3M | $7.7M | $5.1M | $67K | — | View 990 |
| 2017 | $8.4M | $8.8M | $5.5M | $75K | — | View 990 |
| 2016 | $9.7M | $8.4M | $5.9M | $100K | — | View 990 |
| 2015 | $10.5M | $9.4M | $4.6M | $112K | — | View 990 |
| 2014 | $8.0M | $7.8M | $3.5M | $103K | — | View 990 |
| 2013 | $4.0M | $3.5M | $3.4M | $131K | — | View 990 |
| 2012 | $2.9M | $2.4M | $2.8M | $80K | — | View 990 |
| 2011 | $2.5M | $2.3M | $2.3M | $60K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $6.3M, and assets of $4.0M (revenue +27.1% year-over-year).
- 2022: Revenue of $4.7M, expenses of $4.1M, and assets of $4.1M (revenue +272.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $3.2M (revenue -74.2% year-over-year).
- 2020: Revenue of $4.9M, expenses of $7.9M, and assets of $3.6M (revenue -42.6% year-over-year).
- 2019: Revenue of $8.5M, expenses of $7.1M, and assets of $6.6M (revenue +16.8% year-over-year).
- 2018: Revenue of $7.3M, expenses of $7.7M, and assets of $5.1M (revenue -13.4% year-over-year).
- 2017: Revenue of $8.4M, expenses of $8.8M, and assets of $5.5M (revenue -13.5% year-over-year).
- 2016: Revenue of $9.7M, expenses of $8.4M, and assets of $5.9M (revenue -6.9% year-over-year).
- 2015: Revenue of $10.5M, expenses of $9.4M, and assets of $4.6M (revenue +30.4% year-over-year).
- 2014: Revenue of $8.0M, expenses of $7.8M, and assets of $3.5M (revenue +100.0% year-over-year).
- 2013: Revenue of $4.0M, expenses of $3.5M, and assets of $3.4M (revenue +39.6% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.4M, and assets of $2.8M (revenue +14.5% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garden Of Dreams Foundation:
Data Sources and Methodology
This transparency report for Garden Of Dreams Foundation 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.