Legends And Dreams Foundation
EIN: 881698961 · Bucyrus, KS · NTEE: T21
| Metric | Value |
|---|---|
| Total Revenue | $113K |
| Total Expenses | $96K |
| Net Assets | $4K |
Is Legends And Dreams Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legends And Dreams Foundation
Legends And Dreams Foundation (EIN: 881698961) is a nonprofit organization based in Bucyrus, KS, classified under NTEE code T21. The organization reported total revenue of $113K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legends And Dreams Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legends And Dreams Foundation is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 46.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $96K |
| Surplus / Deficit | $-12,422 |
| Total Assets | $4K |
| Total Liabilities | $1 |
| Net Assets | $4K |
| Operating Margin | -14.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, Legends And Dreams Foundation reported a deficit of $12K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Legends And Dreams Foundation's revenue has grown at a compound annual growth rate (CAGR) of 46.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.8% | +138.3% | -74.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legends And Dreams Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Legends And Dreams Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Legends And Dreams Foundation
Is Legends And Dreams Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Legends And Dreams Foundation (EIN: 881698961) insufficient data. 0 red flags identified, 0 strengths noted.
How does Legends And Dreams Foundation spend its money?
Detailed spending breakdown data is not yet available for Legends And Dreams Foundation. Check back for updated IRS 990 analysis.
Are donations to Legends And Dreams Foundation tax-deductible?
Legends And Dreams Foundation is registered as a tax-exempt nonprofit (EIN: 881698961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legends And Dreams Foundation located?
Legends And Dreams Foundation is headquartered in Bucyrus, Kansas and files with the IRS under EIN 881698961. It is classified under NTEE code T21.
How many years of IRS 990 filings does Legends And Dreams Foundation have?
Legends And Dreams Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $113K in total revenue.
Filing History
IRS 990 filing history for Legends And Dreams Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Legends And Dreams Foundation's revenue has grown by 46.8%, moving from $57K to $84K. Total assets decreased by 74.4% over the same period, from $17K to $4K. Total functional expenses rose by 138.3%, from $40K to $96K. In its most recent filing year (2023), Legends And Dreams Foundation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $96K | $4K | $1 | — | — |
| 2022 | $57K | $40K | $17K | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legends And Dreams Foundation:
Data Sources and Methodology
This transparency report for Legends And 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.