Proud Dreams Farm Inc
Proud Dreams Farm Inc. consistently operates at break-even with minimal assets and no officer compensation.
EIN: 208063154 · Townsend, DE · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $18K |
| Program Spending | 90% |
| Net Assets | $736 |
| Transparency Score | 75/100 |
Is Proud Dreams Farm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Proud Dreams Farm Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Proud Dreams Farm Inc
Proud Dreams Farm Inc (EIN: 208063154) is a nonprofit organization based in Townsend, DE, classified under NTEE code D20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Proud Dreams Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Proud Dreams Farm Inc is a micro nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $18K |
| Surplus / Deficit | +$0 |
| Total Assets | $736 |
| Net Assets | $736 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.5 months |
Financial Health Grade: B
In 2020, Proud Dreams Farm Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2020), Proud Dreams Farm Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -12.2% | -12.2% | +0.0% |
| 2019 | +26.6% | +26.6% | +0.0% |
| 2018 | -9.1% | -9.1% | +0.0% |
| 2017 | +16.7% | +16.7% | +0.0% |
| 2016 | +10.3% | +10.3% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2009 |
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 Proud Dreams Farm Inc with a Mission Score of 75 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Proud Dreams Farm Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its small size.
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 Proud Dreams Farm Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, potentially indicating inactivity or cessation of operations.
Strengths
The following positive indicators were identified for Proud Dreams Farm Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- No reported liabilities across all filings, suggesting sound financial management.
- Consistent filing history demonstrates transparency and compliance.
- All revenue consistently expended, indicating direct application of funds to mission.
Frequently Asked Questions about Proud Dreams Farm Inc
Is Proud Dreams Farm Inc a legitimate charity?
Proud Dreams Farm Inc (EIN: 208063154) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Proud Dreams Farm Inc spend its money?
Proud Dreams Farm Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Proud Dreams Farm Inc tax-deductible?
Proud Dreams Farm Inc is registered as a tax-exempt nonprofit (EIN: 208063154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Proud Dreams Farm Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Proud Dreams Farm Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Proud Dreams Farm Inc located?
Proud Dreams Farm Inc is headquartered in Townsend, Delaware and files with the IRS under EIN 208063154. It is classified under NTEE code D20.
How many years of IRS 990 filings does Proud Dreams Farm Inc have?
Proud Dreams Farm Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Proud Dreams Farm Inc., given its latest filing shows $0 revenue and assets?
The latest filing showing $0 revenue and assets suggests the organization may be inactive or undergoing a significant change. Further inquiry would be needed to confirm its current operational status.
How does Proud Dreams Farm Inc. manage to operate with such minimal assets and no liabilities?
The organization appears to operate on a cash-basis, spending nearly all revenue as it comes in, as evidenced by revenue consistently matching expenses and minimal assets (around $735-$998) and $0 liabilities over a decade.
What specific programs does Proud Dreams Farm Inc. fund with its annual expenses?
The provided IRS 990 data does not offer a detailed breakdown of program expenses, only total expenses. To understand specific programs, one would need to review the full 990 forms or the organization's public materials.
Filing History
IRS 990 filing history for Proud Dreams Farm Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Proud Dreams Farm Inc's revenue has grown by 88.7%, moving from $9K to $18K. Total assets decreased by 26.3% over the same period, from $998 to $736. Total functional expenses rose by 85.3%, from $10K to $18K. In its most recent filing year (2020), Proud Dreams Farm Inc reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $18K | $18K | $736 | $0 | — | View 990 |
| 2019 | $20K | $20K | $736 | $0 | — | View 990 |
| 2018 | $16K | $16K | $736 | $0 | — | View 990 |
| 2017 | $17K | $17K | $736 | $0 | — | View 990 |
| 2016 | $15K | $15K | $736 | $0 | — | View 990 |
| 2015 | $14K | $14K | $735 | $0 | — | View 990 |
| 2014 | $13K | $13K | $735 | $0 | — | View 990 |
| 2013 | $13K | $13K | $735 | $0 | — | View 990 |
| 2012 | $16K | $16K | $935 | $0 | — | View 990 |
| 2011 | $9K | $10K | $998 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $18K, expenses of $18K, and assets of $736 (revenue -12.2% year-over-year).
- 2019: Revenue of $20K, expenses of $20K, and assets of $736 (revenue +26.6% year-over-year).
- 2018: Revenue of $16K, expenses of $16K, and assets of $736 (revenue -9.1% year-over-year).
- 2017: Revenue of $17K, expenses of $17K, and assets of $736 (revenue +16.7% year-over-year).
- 2016: Revenue of $15K, expenses of $15K, and assets of $736 (revenue +10.3% year-over-year).
- 2015: Revenue of $14K, expenses of $14K, and assets of $735 (revenue +6.4% year-over-year).
- 2014: Revenue of $13K, expenses of $13K, and assets of $735 (revenue -4.6% year-over-year).
- 2013: Revenue of $13K, expenses of $13K, and assets of $735 (revenue -14.9% year-over-year).
- 2012: Revenue of $16K, expenses of $16K, and assets of $935 (revenue +67.9% year-over-year).
- 2011: Revenue of $9K, expenses of $10K, and assets of $998.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Proud Dreams Farm Inc:
Data Sources and Methodology
This transparency report for Proud Dreams Farm 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.