Is Florida Institute For Human And Machine Cognition Legit?
Quick charity verification for Florida Institute For Human And Machine Cognition (EIN: 200760849)
Verdict: Florida Institute For Human And Machine Cognition appears trustworthy
92/100Mission Score
$33.2MRevenue
$63.8MAssets
1Red Flags
5Strengths
Red Flags
Unusually low reported officer compensation (0%) for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
Consistent and significant revenue growth over the past decade, from $13.89M in 2014 to $29.80M in 2023.
Strong asset accumulation, increasing from $22.49M in 2014 to $39.84M in 2023, indicating robust financial health.
Consistent operating surpluses in most years, demonstrating effective financial management.
No reported officer compensation across all filings, suggesting a high dedication of resources to program services.
Healthy growth in net assets, with assets growing faster than liabilities.
Spending Breakdown
How Florida Institute For Human And Machine Cognition allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Florida Institute For Human And Machine Cognition
Is Florida Institute For Human And Machine Cognition a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Institute For Human And Machine Cognition (EIN: 200760849) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Florida Institute For Human And Machine Cognition a good charity to donate to?
Florida Institute For Human And Machine Cognition has a Mission Score of 92/100. Revenue: $33.2M. Assets: $63.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florida Institute For Human And Machine Cognition?
The Employer Identification Number (EIN) for Florida Institute For Human And Machine Cognition is 200760849. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Florida Institute For Human And Machine Cognition spend its money?
Florida Institute For Human And Machine Cognition allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florida Institute For Human And Machine Cognition's tax-exempt status?
You can verify Florida Institute For Human And Machine Cognition's tax-exempt status using EIN 200760849 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Florida Institute For Human And Machine Cognition (IHMC) demonstrates strong financial health and a consistent commitment to its mission, as evidenced by its IRS 990 filings. Over the past decade, IHMC has shown remarkable growth in revenue, from $13.89 million in 2014 to $29.80 million in 2023, indicating increasing support for its research and programs. The organization consistently operates with a healthy surplus, with revenues generally exceeding expenses, contributing to a substantial increase in assets from $22.49 million in 2014 to $39.84 million in 2023. This growth in assets, alongside a manageable liabilities-to-assets ratio, suggests prudent financial management and a strong balance sheet.
IHMC's spending efficiency appears robust, with a significant portion of its expenditures likely directed towards its program services, given its research-focused mission. The consistent growth in both revenue and assets, coupled with a history of operating surpluses, indicates a sustainable financial model. The organization's transparency is further enhanced by the consistent reporting of 0% officer compensation across all available filings, which is an unusual and highly positive indicator of resource allocation directly to the mission rather than executive salaries. This practice suggests a strong ethical framework and a focus on maximizing impact.
Overall, IHMC presents as a financially sound and efficiently managed nonprofit. Its consistent growth, healthy financial reserves, and apparent dedication to directing resources towards its core mission, as highlighted by the absence of reported officer compensation, paint a picture of a well-governed and impactful organization. The substantial increase in assets over the years provides a strong foundation for future research and development.