Florida Cancer Specialists Foundation Inc
Florida Cancer Specialists Foundation consistently maintains a surplus with 0% officer compensation.
EIN: 204616813 · Fort Myers, FL · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $3.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.5M |
| Transparency Score | 92/100 |
Is Florida Cancer Specialists Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florida Cancer Specialists Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florida Cancer Specialists Foundation Inc
Florida Cancer Specialists Foundation Inc (EIN: 204616813) is a nonprofit organization based in Fort Myers, FL, classified under NTEE code T30. The organization reported total revenue of $6.0M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Cancer Specialists Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florida Cancer Specialists Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$319K |
| Total Assets | $8.7M |
| Total Liabilities | $178K |
| Net Assets | $8.5M |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 32.5 months |
Financial Health Grade: A
In 2023, Florida Cancer Specialists Foundation Inc reported a surplus of $319K with revenue exceeding expenses, holds 32.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Florida Cancer Specialists Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.1% | +5.3% | +13.7% |
| 2022 | +44.5% | +35.7% | -6.7% |
| 2021 | -12.0% | -10.1% | +22.2% |
| 2020 | -15.1% | +11.1% | +17.6% |
| 2019 | +14.0% | +22.1% | +49.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Florida Cancer Specialists Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Florida Cancer Specialists Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $319K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size, with assets exceeding $8 million, and suggests a strong commitment to minimizing overhead and maximizing program delivery.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Florida Cancer Specialists Foundation Inc:
- Consistent revenue growth, from $876,507 in 2014 to $3,533,639 in 2023.
- Strong asset growth, from $795,965 in 2014 to $8,707,867 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Consistent financial surpluses, with revenues exceeding expenses in all reported periods.
- Low liabilities relative to assets, suggesting strong financial management and stability.
Frequently Asked Questions about Florida Cancer Specialists Foundation Inc
Is Florida Cancer Specialists Foundation Inc a legitimate charity?
Florida Cancer Specialists Foundation Inc (EIN: 204616813) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Florida Cancer Specialists Foundation Inc spend its money?
Florida Cancer Specialists Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Florida Cancer Specialists Foundation Inc tax-deductible?
Florida Cancer Specialists Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204616813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Florida Cancer Specialists Foundation Inc CEO make?
Florida Cancer Specialists Foundation Inc's highest-compensated officer earns $8 annually. The organization reported $6.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Florida Cancer Specialists Foundation Inc's spending goes to programs?
Florida Cancer Specialists Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Florida Cancer Specialists Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Florida Cancer Specialists Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Florida Cancer Specialists Foundation Inc located?
Florida Cancer Specialists Foundation Inc is headquartered in Fort Myers, Florida and files with the IRS under EIN 204616813. It is classified under NTEE code T30.
How many years of IRS 990 filings does Florida Cancer Specialists Foundation Inc have?
Florida Cancer Specialists Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.0M in total revenue.
Is Florida Cancer Specialists Foundation Inc a good charity?
Based on the provided data, the Florida Cancer Specialists Foundation Inc appears to be a very good charity. It consistently generates surpluses, has a growing asset base, and most notably, reports 0% officer compensation, indicating a strong dedication to its mission.
How has the organization's financial health trended over time?
The organization has shown consistent growth in both revenue and assets over the past decade. Revenue has grown from $876,507 in 2014 to $3,533,639 in 2023, and assets have increased from $795,965 to $8,707,867 in the same period, indicating robust financial health and sustainability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, which is an exceptional practice. This means that no officers received salaries or other compensation directly from the foundation, suggesting a volunteer-driven leadership or compensation covered by an affiliated entity.
Filing History
IRS 990 filing history for Florida Cancer Specialists Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Florida Cancer Specialists Foundation Inc's revenue has grown by 2518.7%, moving from $135K to $3.5M. Total assets increased by 2699.2% over the same period, from $311K to $8.7M. Total functional expenses rose by 1375.7%, from $218K to $3.2M. In its most recent filing year (2023), Florida Cancer Specialists Foundation Inc reported a surplus of $319K, with revenue exceeding expenses. The organization holds $178K in liabilities against $8.7M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.2M | $8.7M | $178K | — | — |
| 2022 | $3.8M | $3.1M | $7.7M | $94K | — | View 990 |
| 2021 | $2.7M | $2.2M | $8.2M | $178K | — | View 990 |
| 2020 | $3.0M | $2.5M | $6.7M | $0 | — | View 990 |
| 2019 | $3.6M | $2.3M | $5.7M | $70K | — | View 990 |
| 2018 | $3.1M | $1.8M | $3.8M | $39K | — | View 990 |
| 2017 | $2.1M | $1.6M | $2.7M | $83K | — | — |
| 2016 | $2.3M | $1.4M | $2.1M | $66K | — | View 990 |
| 2015 | $1.3M | $963K | $1.3M | $136K | — | View 990 |
| 2014 | $877K | $719K | $796K | $1K | — | View 990 |
| 2013 | $491K | $301K | $679K | $60K | — | View 990 |
| 2012 | $311K | $245K | $394K | $0 | — | View 990 |
| 2011 | $135K | $218K | $311K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.2M, and assets of $8.7M (revenue -8.1% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.1M, and assets of $7.7M (revenue +44.5% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.2M, and assets of $8.2M (revenue -12.0% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.5M, and assets of $6.7M (revenue -15.1% year-over-year).
- 2019: Revenue of $3.6M, expenses of $2.3M, and assets of $5.7M (revenue +14.0% year-over-year).
- 2018: Revenue of $3.1M, expenses of $1.8M, and assets of $3.8M (revenue +46.0% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.6M, and assets of $2.7M (revenue -8.3% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.4M, and assets of $2.1M (revenue +74.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $963K, and assets of $1.3M (revenue +52.5% year-over-year).
- 2014: Revenue of $877K, expenses of $719K, and assets of $796K (revenue +78.5% year-over-year).
- 2013: Revenue of $491K, expenses of $301K, and assets of $679K (revenue +58.1% year-over-year).
- 2012: Revenue of $311K, expenses of $245K, and assets of $394K (revenue +130.1% year-over-year).
- 2011: Revenue of $135K, expenses of $218K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florida Cancer Specialists Foundation Inc:
Data Sources and Methodology
This transparency report for Florida Cancer Specialists Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.