Is University Of Florida Investment Corporation Legit?
Quick charity verification for University Of Florida Investment Corporation (EIN: 201226494)
Verdict: University Of Florida Investment Corporation appears trustworthy
80/100Mission Score
$6.3MRevenue
$8.2MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $2.5 million in 2014 to $6.5 million in 2023.
Stable financial position with assets consistently exceeding liabilities.
No reported officer compensation, indicating efficient use of funds or external compensation.
Positive net assets growth over the past decade, from $634,654 in 2014 to $254,678 in 2023 (Assets minus Liabilities).
Spending Breakdown
How University Of Florida Investment Corporation 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 University Of Florida Investment Corporation
Is University Of Florida Investment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, University Of Florida Investment Corporation (EIN: 201226494) appears trustworthy. Mission Score: 80/100. 0 red flags identified, 4 strengths noted.
Is University Of Florida Investment Corporation a good charity to donate to?
University Of Florida Investment Corporation has a Mission Score of 80/100. Revenue: $6.3M. Assets: $8.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for University Of Florida Investment Corporation?
The Employer Identification Number (EIN) for University Of Florida Investment Corporation is 201226494. 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 University Of Florida Investment Corporation spend its money?
University Of Florida Investment Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify University Of Florida Investment Corporation's tax-exempt status?
You can verify University Of Florida Investment Corporation's tax-exempt status using EIN 201226494 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 University Of Florida Investment Corporation primarily functions as an investment management entity for the University of Florida. Its financial health appears stable, with consistent revenue growth over the past decade, increasing from $2.5 million in 2014 to over $6.5 million in 2023. The organization generally operates with expenses closely aligned to its revenue, indicating a focus on managing its investment portfolio rather than accumulating significant surpluses or deficits. For instance, in 2023, revenue was $6,561,111 against expenses of $6,382,051, resulting in a modest surplus.
Spending efficiency is difficult to assess in traditional program terms for an investment corporation, as its 'programs' are essentially its investment activities and related operational costs. The IRS 990 data indicates 0% officer compensation, which suggests a lean executive structure or that compensation is handled through other university channels, enhancing perceived efficiency. However, without a detailed breakdown of expenses beyond what's typically available in a summary 990, it's challenging to determine the exact allocation between direct investment management costs versus administrative overhead.
Transparency is generally good given the public nature of university-affiliated entities and the availability of 990 filings. The consistent filing history and the clear reporting of assets, liabilities, revenues, and expenses across multiple years provide a solid basis for financial review. The absence of reported officer compensation on the 990s is a notable point for transparency, as it implies either volunteer leadership or compensation being reported elsewhere, which would require further investigation for a complete picture.