Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.
Dreams for Kids does not meet this Standard because:
- According to the its IRS Form 990-EZ for the fiscal year ended December 31, 2015, the organization spent $55,438 or 50% of its total expenses ($110,571) on program service activities.
Standard 13: Accuracy of Expenses in Financial Statements - Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.
Dreams for Kids does not meet this Standard because its IRS Form 990-EZ for the fiscal year ended December 31, 2015:
- Reports the organization had no administrative expenses.