I Have A Dream Foundation
I Have A Dream Foundation shows consistent operational deficits in recent years despite healthy asset base and no reported officer compensation.
EIN: 133355315 · New York, NY · NTEE: I99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.9M |
| Transparency Score | 88/100 |
Is I Have A Dream Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
I Have A Dream Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About I Have A Dream Foundation
I Have A Dream Foundation (EIN: 133355315) is a nonprofit organization based in New York, NY, classified under NTEE code I99Z. The organization reported total revenue of $4.4M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I Have A Dream Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I Have A Dream Foundation is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-287,793 |
| Total Assets | $3.5M |
| Total Liabilities | $551K |
| Net Assets | $2.9M |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, I Have A Dream Foundation reported a deficit of $288K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), I Have A Dream Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.1% | +25.5% | -4.2% |
| 2022 | -3.7% | +28.2% | -15.7% |
| 2021 | +191.9% | +154.3% | +27.1% |
| 2020 | -19.8% | -42.4% | +18.6% |
| 2019 | -7.9% | -34.0% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 I Have A Dream Foundation with a Mission Score of 88 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, I Have A Dream Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $288K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, directors, trustees, or key employees. This suggests a strong commitment to directing financial resources directly to program services rather than executive pay, which is highly commendable for a nonprofit of its size with recent revenues exceeding $4 million.
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 I Have A Dream Foundation's IRS 990 filings:
- Consistent operational deficits in the last two reported periods (2022 and 2023), where expenses exceeded revenue.
Strengths
The following positive indicators were identified for I Have A Dream Foundation:
- Zero reported officer compensation across all available filings, indicating high financial transparency and dedication to mission.
- Healthy asset base, with $3,458,390 in 2023, providing a buffer despite recent operational deficits.
- Strong program focus implied by the absence of executive compensation, suggesting a high percentage of funds are directed to beneficiaries.
Frequently Asked Questions about I Have A Dream Foundation
Is I Have A Dream Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, I Have A Dream Foundation (EIN: 133355315) some concerns. Mission Score: 88/100. 1 red flag identified, 3 strengths noted.
How does I Have A Dream Foundation spend its money?
I Have A Dream Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to I Have A Dream Foundation tax-deductible?
I Have A Dream Foundation is registered as a tax-exempt nonprofit (EIN: 133355315). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the I Have A Dream Foundation CEO make?
I Have A Dream Foundation's highest-compensated officer earns $4 annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of I Have A Dream Foundation's spending goes to programs?
I Have A Dream Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does I Have A Dream Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), I Have A Dream Foundation is above average for NTEE category I99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is I Have A Dream Foundation located?
I Have A Dream Foundation is headquartered in New York, New York and files with the IRS under EIN 133355315. It is classified under NTEE code I99Z.
How many years of IRS 990 filings does I Have A Dream Foundation have?
I Have A Dream 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 $4.4M in total revenue.
Is I Have A Dream Foundation a good charity?
Based on the available data, the I Have A Dream Foundation exhibits strong financial transparency with no reported officer compensation and a history of significant program spending. While recent years show operational deficits, its asset base remains healthy, and the commitment to mission over executive pay is a strong positive indicator.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated significantly over the years, peaking at $7,471,137 in 2017 and dropping to $1,236,523 in 2020. In the most recent two periods (2022 and 2023), expenses ($3,609,766 and $4,529,557 respectively) have exceeded revenue ($3,475,384 and $4,241,764 respectively), indicating operational deficits.
How does the organization manage its liabilities?
Liabilities have generally been well-managed relative to assets. In 2023, liabilities were $551,254 against assets of $3,458,390, representing approximately 16% of assets. This indicates a healthy balance sheet with manageable debt.
Filing History
IRS 990 filing history for I Have A Dream Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), I Have A Dream Foundation's revenue has grown by 186.8%, moving from $1.5M to $4.2M. Total assets increased by 460.5% over the same period, from $617K to $3.5M. Total functional expenses rose by 190.4%, from $1.6M to $4.5M. In its most recent filing year (2023), I Have A Dream Foundation reported a deficit of $288K, with expenses exceeding revenue. The organization holds $551K in liabilities against $3.5M in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.5M | $3.5M | $551K | — | View 990 |
| 2022 | $3.5M | $3.6M | $3.6M | $405K | — | View 990 |
| 2021 | $3.6M | $2.8M | $4.3M | $552K | — | View 990 |
| 2020 | $1.2M | $1.1M | $3.4M | $776K | — | — |
| 2019 | $1.5M | $1.9M | $2.8M | $517K | — | View 990 |
| 2018 | $1.7M | $2.9M | $3.2M | $371K | — | View 990 |
| 2017 | $7.5M | $4.1M | $4.4M | $416K | — | View 990 |
| 2016 | $3.0M | $2.8M | $955K | $368K | — | View 990 |
| 2015 | $1.8M | $2.2M | $623K | $210K | — | View 990 |
| 2014 | $1.4M | $1.3M | $905K | $138K | — | View 990 |
| 2013 | $1.4M | $1.6M | $739K | $80K | — | View 990 |
| 2012 | $1.9M | $1.5M | $1.0M | $94K | — | View 990 |
| 2011 | $1.5M | $1.6M | $617K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.5M, and assets of $3.5M (revenue +22.1% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.6M, and assets of $3.6M (revenue -3.7% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.8M, and assets of $4.3M (revenue +191.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $3.4M (revenue -19.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.9M, and assets of $2.8M (revenue -7.9% year-over-year).
- 2018: Revenue of $1.7M, expenses of $2.9M, and assets of $3.2M (revenue -77.6% year-over-year).
- 2017: Revenue of $7.5M, expenses of $4.1M, and assets of $4.4M (revenue +150.5% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.8M, and assets of $955K (revenue +62.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.2M, and assets of $623K (revenue +33.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $905K (revenue +0.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.6M, and assets of $739K (revenue -27.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.5M, and assets of $1.0M (revenue +28.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $617K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I Have A Dream Foundation:
Data Sources and Methodology
This transparency report for I Have A Dream 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.