Is Florida Philanthropic Network Inc Legit?…

Quick charity verification for Florida Philanthropic Network Inc (EIN: 201328734)

Spending Breakdown

How Florida Philanthropic Network Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Philanthropic Network Inc

Is Florida Philanthropic Network Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Florida Philanthropic Network Inc (EIN: 201328734) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.

Is Florida Philanthropic Network Inc a good charity to donate to?

Florida Philanthropic Network Inc has a Mission Score of 85/100. Revenue: $4.1M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Florida Philanthropic Network Inc?

The Employer Identification Number (EIN) for Florida Philanthropic Network Inc is 201328734. 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 Philanthropic Network Inc spend its money?

Florida Philanthropic Network Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Florida Philanthropic Network Inc's tax-exempt status?

You can verify Florida Philanthropic Network Inc's tax-exempt status using EIN 201328734 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

Florida Philanthropic Network Inc demonstrates a generally healthy financial trajectory, with significant growth in revenue and assets over the past few years. For instance, revenue grew from $1,366,284 in 2021 to $2,480,237 in 2023, and assets increased from $1,072,530 to $2,731,195 in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency regarding executive pay and a focus on mission-related spending rather than high administrative overhead in this specific area. While detailed spending efficiency (program vs. admin/fundraising) is not fully discernible from the provided data, the absence of officer compensation suggests a commitment to minimizing certain administrative costs.

However, the organization has experienced periods where expenses exceeded revenue, such as in 2022 ($1,668,956 expenses vs. $1,641,221 revenue) and several years prior to 2021, indicating some variability in financial management or strategic investment periods. The substantial increase in liabilities from $388,818 in 2021 to $1,630,745 in 2023, alongside asset growth, warrants further investigation to understand the nature of these liabilities and their impact on long-term financial stability. Overall, the recent growth trends are positive, but the historical fluctuations and rising liabilities suggest a need for continued scrutiny of financial planning and resource allocation.

Is Florida Philanthropic Network Inc Legit?

Verdict: Florida Philanthropic Network Inc appears trustworthy

Red Flags

Strengths