Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering efficiency analysis.
Strengths
Consistent and substantial revenue growth, from $306,763 in 2010 to $6,577,041 in 2018.
Strong asset accumulation, growing from $306,763 to $6,301,402, indicating financial stability and capacity.
Expenses consistently lower than revenue, demonstrating sound financial management and ability to build reserves.
Long filing history (9 filings) indicates sustained operation and compliance.
Spending Breakdown
How Florida Minority Community Reinvestment Coalition allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Minority Community Reinvestment Coalition
Is Florida Minority Community Reinvestment Coalition a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Minority Community Reinvestment Coalition (EIN: 201324945) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Florida Minority Community Reinvestment Coalition a good charity to donate to?
Florida Minority Community Reinvestment Coalition has a Mission Score of 75/100. Revenue: $6.6M. Assets: $6.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florida Minority Community Reinvestment Coalition?
The Employer Identification Number (EIN) for Florida Minority Community Reinvestment Coalition is 201324945. 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 Minority Community Reinvestment Coalition spend its money?
Florida Minority Community Reinvestment Coalition allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florida Minority Community Reinvestment Coalition's tax-exempt status?
You can verify Florida Minority Community Reinvestment Coalition's tax-exempt status using EIN 201324945 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 Minority Community Reinvestment Coalition demonstrates consistent growth in revenue and assets over the past decade, with revenue increasing from $306,763 in 2010 to $6,577,041 in 2018. This substantial growth suggests increasing capacity and reach. The organization consistently spends less than its revenue, accumulating assets from $306,763 to $6,301,402 over the same period, indicating sound financial management and the ability to build reserves.
However, a notable aspect of their financial reporting is the consistent 0% officer compensation across all available filings. While this could indicate a highly volunteer-driven leadership or that compensation is reported differently, it warrants further investigation for complete transparency. The organization's liabilities have also grown significantly, from $0 in 2011 to $2,189,415 in 2018, which, while not necessarily a red flag given asset growth, should be monitored. Overall, the organization appears financially stable and growing, but the lack of reported officer compensation is an unusual data point for an organization of its size.