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Passes our checks

Cargo of Dreams Inc

EIN 26-2149674 · Simpsonville, SC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceFair69 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Cargo of Dreams' mission is to improve quality of life for women and children in need by engaging businesses, organizations, churches and communities in a collaborative project by using their resources and services to assemble and transform the containers stateside and ship the fully functional facilities to the receiving destinations. Assisting and securing work opportunities for people in economic distress. Build and manage industrial soup kitchens.

Income
$58,605
Spending
$216,947
Spent on programs
98%
Reserves
13.3 months of spending
Largest source of income
fees for its services, 100%
Employees
0
Volunteers
10

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 48% of charities in its peer group (human services, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 13.3 months of spending.

  • Debt

    20 of 20

    It owes 5% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 270% of income.

  • Income trend

    0 of 15

    Income fell 73% on the year before.

  • Spending floor

    15 of 15

    98% of spending went to programs.

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 69 out of 100. Higher than 57% of charities in its peer group (human services, under $250k).

  • Independent board

    0 of 25

    2 of 2 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $212,947 spent. 1st Program - Operating expense for the George Super Kitchen (GSK) in South Africa The kitchen continues to serve daily between 800-900 warm meals to children in the 3-6-year-old age group. The kitchen was started through Cargo of Dreams (CoD) support and celebrates more than 10 years of uninterrupted and successful service to the community in need, while enjoying the support of local leaders, government entities, as well as donors in South Africa.
  2. 2nd Program - Securing farm worker jobs for those in need Self-sustainability of programs, and enabling people to be financially self-sustainable themselves, is a cornerstone principle of Cargo of Dreams (CoD). CoD, through their "Workforce Recruitment" (WFR) initiative, has secured 80-100 farm worker positions in various states across the USA. Farm labor is an officially recognized shortage by the Department of Labor. WFR assisted USA farmers to obtain relevant government approvals to employ foreign seasonal farm workers and, at the same time, coordinated the recruitment of finding willing, able, and suitable candidates for the farmers.
  3. 3rd Program - Tax compliance of non-immigrant seasonal workers Cargo of Dreams (CoD), through their "TCUS" initiative, and with the support of key industry leaders, supported foreign non-immigrant seasonal workers from South Africa to ensure they are tax compliant in the USA, as well as in their home country. An estimated 150 people received guidance and support.
  4. 4th Program - Double Decker Bus Cargo of Dreams (CoD) continued with the remodeling of an old double-decker bus that is intended to serve as a platform to offer various outreach initiatives, and to act as a "safe place" known by the children in the community it serves. A place where children can get something to eat or snack on, and speak to someone who can support them as needed.

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2021 for not filing returns for three years, and reinstated on May 15, 2021.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.