Rekindling The Dream Foundation
EIN: 50519977 · Providence, RI · NTEE: B11
| Metric | Value |
|---|---|
| Total Expenses | $28K |
| Net Assets | $165K |
Is Rekindling The Dream Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rekindling The Dream Foundation
Rekindling The Dream Foundation (EIN: 50519977) is a nonprofit organization based in Providence, RI, classified under NTEE code B11. The organization reported total revenue of $0 and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rekindling The Dream Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rekindling The Dream Foundation is a micro nonprofit that has been operating for 8 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $28K |
| Surplus / Deficit | +$14K |
| Total Assets | $185K |
| Total Liabilities | $20K |
| Net Assets | $165K |
| Operating Margin | 32.9% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 78.9 months |
Financial Health Grade: A
In 2020, Rekindling The Dream Foundation reported a surplus of $14K with revenue exceeding expenses, holds 78.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2020), Rekindling The Dream Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -69.8% | -91.3% | +8.1% |
| 2019 | +45.7% | -39.4% | -55.2% |
| 2018 | -90.3% | -60.9% | -52.7% |
| 2017 | -26.7% | +22.6% | -33.4% |
| 2016 | -3.9% | +121.9% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rekindling The Dream 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 Rekindling The Dream 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.6%.
Frequently Asked Questions about Rekindling The Dream Foundation
Is Rekindling The Dream Foundation a legitimate charity?
Rekindling The Dream Foundation (EIN: 50519977) is a registered tax-exempt nonprofit based in Rhode Island. It has 9 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Rekindling The Dream Foundation spend its money?
Rekindling The Dream Foundation reported its financials in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rekindling The Dream Foundation tax-deductible?
Rekindling The Dream Foundation is registered as a tax-exempt nonprofit (EIN: 50519977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rekindling The Dream Foundation located?
Rekindling The Dream Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 50519977. It is classified under NTEE code B11.
How many years of IRS 990 filings does Rekindling The Dream Foundation have?
Rekindling The Dream Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Rekindling The Dream Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Rekindling The Dream Foundation's revenue has declined by 51.8%, moving from $87K to $42K. Total assets increased by 152.6% over the same period, from $73K to $185K. Total functional expenses fell by 66.8%, from $85K to $28K. In its most recent filing year (2020), Rekindling The Dream Foundation reported a surplus of $14K, with revenue exceeding expenses. The organization holds $20K in liabilities against $185K in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $165K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $42K | $28K | $185K | $20K | — | View 990 |
| 2019 | $138K | $322K | $171K | $20K | — | View 990 |
| 2018 | $95K | $532K | $381K | $50K | — | View 990 |
| 2017 | $977K | $1.4M | $806K | $21K | — | View 990 |
| 2016 | $1.3M | $1.1M | $1.2M | $0 | — | View 990 |
| 2015 | $1.4M | $499K | $983K | $0 | — | View 990 |
| 2014 | $37K | $38K | $95K | $0 | — | View 990 |
| 2013 | $26K | $4K | $95K | $0 | — | View 990 |
| 2012 | $87K | $85K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $42K, expenses of $28K, and assets of $185K (revenue -69.8% year-over-year).
- 2019: Revenue of $138K, expenses of $322K, and assets of $171K (revenue +45.7% year-over-year).
- 2018: Revenue of $95K, expenses of $532K, and assets of $381K (revenue -90.3% year-over-year).
- 2017: Revenue of $977K, expenses of $1.4M, and assets of $806K (revenue -26.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.1M, and assets of $1.2M (revenue -3.9% year-over-year).
- 2015: Revenue of $1.4M, expenses of $499K, and assets of $983K (revenue +3608.9% year-over-year).
- 2014: Revenue of $37K, expenses of $38K, and assets of $95K (revenue +45.2% year-over-year).
- 2013: Revenue of $26K, expenses of $4K, and assets of $95K (revenue -70.3% year-over-year).
- 2012: Revenue of $87K, expenses of $85K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rekindling The Dream Foundation:
Data Sources and Methodology
This transparency report for Rekindling The 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.