Is State Chartered Credit Unions In Florida Legit?
Quick charity verification for State Chartered Credit Unions In Florida (EIN: 111644012)
Verdict: State Chartered Credit Unions In Florida appears trustworthy
90/100Mission Score
$273.6MRevenue
$4.7BAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this scale, which may indicate compensation is reported elsewhere or structured unconventionally.
Strengths
Consistent and significant revenue growth, from $90.5M in 2014 to $214.5M in 2023.
Substantial asset growth, from $1.7B in 2014 to $4.4B in 2023, indicating strong financial stability.
Zero reported officer compensation across all filings, suggesting high efficiency in this specific area of spending.
Positive net assets (Assets exceeding Liabilities) consistently maintained over the decade.
Spending Breakdown
How State Chartered Credit Unions In Florida allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 State Chartered Credit Unions In Florida
Is State Chartered Credit Unions In Florida a legitimate charity?
Based on AI analysis of IRS 990 filings, State Chartered Credit Unions In Florida (EIN: 111644012) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is State Chartered Credit Unions In Florida a good charity to donate to?
State Chartered Credit Unions In Florida has a Mission Score of 90/100. Revenue: $273.6M. Assets: $4.7B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for State Chartered Credit Unions In Florida?
The Employer Identification Number (EIN) for State Chartered Credit Unions In Florida is 111644012. 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 State Chartered Credit Unions In Florida spend its money?
State Chartered Credit Unions In Florida allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify State Chartered Credit Unions In Florida's tax-exempt status?
You can verify State Chartered Credit Unions In Florida's tax-exempt status using EIN 111644012 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
State Chartered Credit Unions In Florida demonstrates robust financial health, with a consistent upward trend in both revenue and assets over the past decade. For instance, revenue grew from $90,565,541 in 2014 to $214,504,612 in 2023, and assets surged from $1,776,045,359 to $4,424,198,635 in the same period. The organization consistently reports 0% officer compensation, indicating strong spending efficiency in this area and a commitment to directing funds towards its mission. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a positive indicator of financial stewardship. The significant growth in assets and revenue suggests a well-managed and financially stable entity.