Florida Institute For Human And Machine Cognition
Florida Institute For Human And Machine Cognition shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 200760849 · Pensacola, FL · NTEE: U41 · Updated: 2026-03-28
Is Florida Institute For Human And Machine Cognition Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florida Institute For Human And Machine Cognition directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florida Institute For Human And Machine Cognition
Florida Institute For Human And Machine Cognition (EIN: 200760849) is a nonprofit organization based in Pensacola, FL, classified under NTEE code U41. The organization reported total revenue of $33.2M and total assets of $63.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Institute For Human And Machine Cognition's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florida Institute For Human And Machine Cognition is a large nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.8M |
| Total Expenses | $26.5M |
| Surplus / Deficit | +$3.3M |
| Total Assets | $39.8M |
| Total Liabilities | $18.8M |
| Net Assets | $21.0M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 47.2% |
| Months of Reserves | 18.1 months |
Financial Health Grade: A
In 2023, Florida Institute For Human And Machine Cognition reported a surplus of $3.3M with revenue exceeding expenses, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 47.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Florida Institute For Human And Machine Cognition's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | -0.2% | +41.8% |
| 2022 | +13.0% | +5.5% | +0.4% |
| 2021 | +13.7% | +19.7% | -0.7% |
| 2020 | +20.5% | +12.1% | +6.1% |
| 2019 | -6.7% | +2.4% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Institute For Human And Machine Cognition 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 Institute For Human And Machine Cognition 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 $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues reaching nearly $30 million. This suggests that leadership may be compensated through other means not categorized as 'officer compensation' on the 990, or that the organization operates with a unique compensation structure that prioritizes mission over executive salaries.
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.
Red Flags
The following concerns were identified during AI analysis of Florida Institute For Human And Machine Cognition's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Florida Institute For Human And Machine Cognition:
- Consistent and significant revenue growth over the past decade, from $13.89M in 2014 to $29.80M in 2023.
- Strong asset accumulation, increasing from $22.49M in 2014 to $39.84M in 2023, indicating robust financial health.
- Consistent operating surpluses in most years, demonstrating effective financial management.
- No reported officer compensation across all filings, suggesting a high dedication of resources to program services.
- Healthy growth in net assets, with assets growing faster than liabilities.
Frequently Asked Questions about Florida Institute For Human And Machine Cognition
Is Florida Institute For Human And Machine Cognition a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Institute For Human And Machine Cognition (EIN: 200760849) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Florida Institute For Human And Machine Cognition spend its money?
Florida Institute For Human And Machine Cognition directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Florida Institute For Human And Machine Cognition tax-deductible?
Florida Institute For Human And Machine Cognition is registered as a tax-exempt nonprofit (EIN: 200760849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Florida Institute For Human And Machine Cognition financially stable?
Yes, IHMC appears very financially stable. Its revenue has consistently grown from $13.89 million in 2014 to $29.80 million in 2023, and its assets have increased significantly from $22.49 million to $39.84 million over the same period, indicating strong financial health and growth.
How does IHMC manage executive compensation?
IHMC consistently reports 0% for officer compensation across all available IRS 990 filings. This is highly unusual for an organization of its size and suggests a unique approach to leadership compensation, potentially through other mechanisms or a strong volunteer leadership model.
What is the trend in IHMC's revenue and expenses?
IHMC has shown a strong upward trend in both revenue and expenses over the past decade. Revenue grew from $13.89 million in 2014 to $29.80 million in 2023, while expenses increased from $14.10 million to $26.48 million, indicating significant expansion of its operations and funding.
Are IHMC's assets growing faster than its liabilities?
Yes, IHMC's assets have grown substantially faster than its liabilities. In 2014, assets were $22.49 million with liabilities of $12.86 million. By 2023, assets reached $39.84 million while liabilities were $18.82 million, showing a healthy increase in net assets.
Filing History
IRS 990 filing history for Florida Institute For Human And Machine Cognition showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Florida Institute For Human And Machine Cognition's revenue has grown by 126.9%, moving from $13.1M to $29.8M. Total assets increased by 200.4% over the same period, from $13.3M to $39.8M. Total functional expenses rose by 108.4%, from $12.7M to $26.5M. In its most recent filing year (2023), Florida Institute For Human And Machine Cognition reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $18.8M in liabilities against $39.8M in assets (debt-to-asset ratio: 47.2%), resulting in net assets of $21.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.8M | $26.5M | $39.8M | $18.8M | — | View 990 |
| 2022 | $28.3M | $26.5M | $28.1M | $10.4M | — | View 990 |
| 2021 | $25.0M | $25.2M | $28.0M | $12.1M | — | View 990 |
| 2020 | $22.0M | $21.0M | $28.2M | $12.1M | — | View 990 |
| 2019 | $18.3M | $18.7M | $26.6M | $11.5M | — | View 990 |
| 2018 | $19.6M | $18.3M | $27.5M | $12.8M | — | View 990 |
| 2017 | $18.9M | $16.7M | $24.3M | $10.9M | — | View 990 |
| 2016 | $14.9M | $14.5M | $23.1M | $11.9M | — | View 990 |
| 2015 | $16.5M | $15.4M | $23.8M | $13.0M | — | View 990 |
| 2014 | $13.9M | $14.1M | $22.5M | $12.9M | — | View 990 |
| 2013 | $13.8M | $12.6M | $14.0M | $4.2M | — | View 990 |
| 2012 | $13.1M | $12.7M | $13.3M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.8M, expenses of $26.5M, and assets of $39.8M (revenue +5.3% year-over-year).
- 2022: Revenue of $28.3M, expenses of $26.5M, and assets of $28.1M (revenue +13.0% year-over-year).
- 2021: Revenue of $25.0M, expenses of $25.2M, and assets of $28.0M (revenue +13.7% year-over-year).
- 2020: Revenue of $22.0M, expenses of $21.0M, and assets of $28.2M (revenue +20.5% year-over-year).
- 2019: Revenue of $18.3M, expenses of $18.7M, and assets of $26.6M (revenue -6.7% year-over-year).
- 2018: Revenue of $19.6M, expenses of $18.3M, and assets of $27.5M (revenue +3.4% year-over-year).
- 2017: Revenue of $18.9M, expenses of $16.7M, and assets of $24.3M (revenue +26.9% year-over-year).
- 2016: Revenue of $14.9M, expenses of $14.5M, and assets of $23.1M (revenue -9.6% year-over-year).
- 2015: Revenue of $16.5M, expenses of $15.4M, and assets of $23.8M (revenue +18.8% year-over-year).
- 2014: Revenue of $13.9M, expenses of $14.1M, and assets of $22.5M (revenue +1.0% year-over-year).
- 2013: Revenue of $13.8M, expenses of $12.6M, and assets of $14.0M (revenue +4.8% year-over-year).
- 2012: Revenue of $13.1M, expenses of $12.7M, and assets of $13.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florida Institute For Human And Machine Cognition:
Data Sources and Methodology
This transparency report for Florida Institute For Human And Machine Cognition 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.