Quick charity verification for Florida Proton Therapy Institute Inc (EIN: 10554709)
Verdict: Florida Proton Therapy Institute Inc appears trustworthy
75/100Mission Score
$51.3MRevenue
$140.2MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a precise assessment of spending efficiency.
Strengths
Consistent positive net income, indicating financial stability and responsible management of revenues and expenses.
Substantial asset base ($137,388,571 in 202306) providing a strong foundation for operations.
Decreasing liabilities over the past decade, from $93,110,370 in 201406 to $52,424,249 in 202306, improving the organization's financial leverage and equity.
Spending Breakdown
How Florida Proton Therapy Institute Inc 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 Proton Therapy Institute Inc
Is Florida Proton Therapy Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Proton Therapy Institute Inc (EIN: 10554709) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Florida Proton Therapy Institute Inc a good charity to donate to?
Florida Proton Therapy Institute Inc has a Mission Score of 75/100. Revenue: $51.3M. Assets: $140.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florida Proton Therapy Institute Inc?
The Employer Identification Number (EIN) for Florida Proton Therapy Institute Inc is 10554709. 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 Proton Therapy Institute Inc spend its money?
Florida Proton Therapy Institute Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florida Proton Therapy Institute Inc's tax-exempt status?
You can verify Florida Proton Therapy Institute Inc's tax-exempt status using EIN 10554709 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 Proton Therapy Institute Inc demonstrates consistent financial operations with annual revenues in the range of $41M to $59M over the past decade. The organization consistently reports positive net income, with revenues generally exceeding expenses, indicating a stable financial position. For instance, in the 202306 period, revenue was $45,555,232 against expenses of $45,128,255, resulting in a surplus. Assets have fluctuated but remain substantial, at $137,388,571 in the latest filing, though they have seen a decline from a peak of $161,258,622 in 201806. Liabilities have also decreased from a high of $93,110,370 in 201406 to $52,424,249 in 202306, improving the organization's equity position.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent surpluses suggest that the organization is managing its overall expenditures effectively within its revenue streams. The absence of reported officer compensation across all filings is a notable point regarding transparency and executive remuneration practices, suggesting either a volunteer leadership structure or compensation being reported under other expense categories, which would warrant further investigation for complete transparency. The organization's NTEE code E24 indicates a focus on cancer treatment, aligning with its name and suggesting a clear programmatic mission.