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 unaudited financial statements for the fiscal year ended December 31, 2015, the organization spent $51,045 or 56% of its total expenses ($90,479) on program service activities.
Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.
Dreams for Kids does not meet this Standard because, when the organization provided budget information, it indicated that the budget:
- Did not identify total projected fund raising expenses.
Standard 15: Misleading Appeals - Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.