Is Florida Wildlife Corridor Foundation Inc Legit?
Quick charity verification for Florida Wildlife Corridor Foundation Inc (EIN: 201822793)
Verdict: Florida Wildlife Corridor Foundation Inc appears trustworthy
95/100Mission Score
$3.7MRevenue
$8.4MAssets
1Red Flags
4Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported in other categories or a fully volunteer executive team, requiring further clarification for complete transparency.
Strengths
Strong revenue growth, increasing from $1.25M in 2020 to $5.05M in 2023.
Healthy asset accumulation, reaching $7.45M in 2023, indicating financial stability.
Consistent reporting of 0% officer compensation, suggesting high dedication of funds to programs.
Expenses consistently lower than revenue, leading to surpluses for reinvestment (e.g., $2.64M expenses vs $5.05M revenue in 2023).
Spending Breakdown
How Florida Wildlife Corridor Foundation Inc 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 Wildlife Corridor Foundation Inc
Is Florida Wildlife Corridor Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Wildlife Corridor Foundation Inc (EIN: 201822793) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Florida Wildlife Corridor Foundation Inc a good charity to donate to?
Florida Wildlife Corridor Foundation Inc has a Mission Score of 95/100. Revenue: $3.7M. Assets: $8.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florida Wildlife Corridor Foundation Inc?
The Employer Identification Number (EIN) for Florida Wildlife Corridor Foundation Inc is 201822793. 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 Wildlife Corridor Foundation Inc spend its money?
Florida Wildlife Corridor Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florida Wildlife Corridor Foundation Inc's tax-exempt status?
You can verify Florida Wildlife Corridor Foundation Inc's tax-exempt status using EIN 201822793 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 Wildlife Corridor Foundation Inc demonstrates strong financial health and a clear commitment to its mission, as evidenced by its IRS 990 filings. The organization has shown significant growth in revenue and assets over the past few years, with revenue increasing from $1,250,776 in 2020 to $5,050,519 in 2023. This growth is accompanied by a healthy asset base, reaching $7,455,777 in 2023, indicating good financial stewardship and capacity for future programs. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing funds towards programmatic activities rather than executive salaries.
Spending efficiency appears robust, with expenses consistently lower than revenue, allowing for asset accumulation. For instance, in 2023, expenses were $2,647,700 against revenues of $5,050,519, indicating a substantial surplus that can be reinvested. The absence of reported officer compensation further reinforces the impression of efficient resource allocation. The organization's liabilities have fluctuated but remain manageable relative to its assets, suggesting responsible financial management.
Overall, the foundation exhibits strong financial indicators. Its consistent growth, healthy asset-to-liability ratio, and transparent compensation practices (or lack thereof for officers) paint a picture of a well-managed and mission-focused nonprofit. The significant increase in revenue and assets over the past five years highlights its growing impact and donor confidence.