Florida Minority Community Reinvestment Coalition
Florida Minority Community Reinvestment Coalition shows strong revenue and asset growth with no reported officer compensation.
EIN: 201324945 · Tampa, FL · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $6.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $4.1M |
| Transparency Score | 75/100 |
Is Florida Minority Community Reinvestment Coalition Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florida Minority Community Reinvestment Coalition directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florida Minority Community Reinvestment Coalition
Florida Minority Community Reinvestment Coalition (EIN: 201324945) is a nonprofit organization based in Tampa, FL, classified under NTEE code S20. The organization reported total revenue of $6.6M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Minority Community Reinvestment Coalition's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florida Minority Community Reinvestment Coalition is a mid-size nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2010–2018). Revenue has grown at a compound annual rate of 46.7%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $6.5M |
| Surplus / Deficit | +$118K |
| Total Assets | $6.3M |
| Total Liabilities | $2.2M |
| Net Assets | $4.1M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2018, Florida Minority Community Reinvestment Coalition reported a surplus of $118K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 9 years of filings (2010–2018), Florida Minority Community Reinvestment Coalition's revenue has grown at a compound annual growth rate (CAGR) of 46.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +44.9% | +65.4% | +8.5% |
| 2017 | +16.4% | +39.2% | +46.6% |
| 2016 | +16.3% | +9.5% | +39.0% |
| 2015 | +30.1% | +37.1% | +66.1% |
| 2014 | +109.4% | +109.5% | +61.6% |
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 Minority Community Reinvestment Coalition with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Florida Minority Community Reinvestment Coalition allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $118K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses exceeding $6 million. This suggests either a fully volunteer executive leadership or that compensation is being reported under different categories, impacting transparency regarding leadership costs.
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 Minority Community Reinvestment Coalition's IRS 990 filings:
- Consistent 0% reported officer compensation despite significant organizational size and activity, raising transparency concerns.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering efficiency analysis.
Strengths
The following positive indicators were identified for Florida Minority Community Reinvestment Coalition:
- Consistent and substantial revenue growth, from $306,763 in 2010 to $6,577,041 in 2018.
- Strong asset accumulation, growing from $306,763 to $6,301,402, indicating financial stability and capacity.
- Expenses consistently lower than revenue, demonstrating sound financial management and ability to build reserves.
- Long filing history (9 filings) indicates sustained operation and compliance.
Frequently Asked Questions about Florida Minority Community Reinvestment Coalition
Is Florida Minority Community Reinvestment Coalition a legitimate charity?
Florida Minority Community Reinvestment Coalition (EIN: 201324945) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $6.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Florida Minority Community Reinvestment Coalition spend its money?
Florida Minority Community Reinvestment Coalition directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Florida Minority Community Reinvestment Coalition tax-deductible?
Florida Minority Community Reinvestment Coalition is registered as a tax-exempt nonprofit (EIN: 201324945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Florida Minority Community Reinvestment Coalition CEO make?
Florida Minority Community Reinvestment Coalition's highest-compensated officer earns $6 annually. The organization reported $6.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Florida Minority Community Reinvestment Coalition's spending goes to programs?
Florida Minority Community Reinvestment Coalition directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Florida Minority Community Reinvestment Coalition compare to similar nonprofits?
With a transparency score of 75/100 (Good), Florida Minority Community Reinvestment Coalition is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Florida Minority Community Reinvestment Coalition located?
Florida Minority Community Reinvestment Coalition is headquartered in Tampa, Florida and files with the IRS under EIN 201324945. It is classified under NTEE code S20.
How many years of IRS 990 filings does Florida Minority Community Reinvestment Coalition have?
Florida Minority Community Reinvestment Coalition has 9 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 $6.6M in total revenue.
How does the Florida Minority Community Reinvestment Coalition manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings, despite significant revenue and expenses, is highly unusual. It suggests either a fully volunteer-led executive team or that executive compensation is categorized under other expense lines, which would reduce transparency.
What is the breakdown of the organization's expenses beyond the total figures?
While total expenses are provided (e.g., $6,459,105 in 2018), a detailed breakdown into program, administrative, and fundraising costs is not explicitly provided in the summary data. This detail is crucial for a full assessment of spending efficiency.
What is the nature of the significant increase in liabilities, from $0 in 2011 to $2,189,415 in 2018?
The substantial increase in liabilities warrants further investigation. While assets have grown significantly, understanding the nature of these liabilities (e.g., program-related debt, mortgages, grants payable) is important for a complete financial picture.
Filing History
IRS 990 filing history for Florida Minority Community Reinvestment Coalition showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2018), Florida Minority Community Reinvestment Coalition's revenue has grown by 2044%, moving from $307K to $6.6M. Total assets increased by 1954.2% over the same period, from $307K to $6.3M. Total functional expenses rose by 1257.4%, from $476K to $6.5M. In its most recent filing year (2018), Florida Minority Community Reinvestment Coalition reported a surplus of $118K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $6.3M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $6.6M | $6.5M | $6.3M | $2.2M | — | View 990 |
| 2017 | $4.5M | $3.9M | $5.8M | $1.8M | — | View 990 |
| 2016 | $3.9M | $2.8M | $4.0M | $600K | — | — |
| 2015 | $3.4M | $2.6M | $2.8M | $584K | — | View 990 |
| 2014 | $2.6M | $1.9M | $1.7M | $241K | — | View 990 |
| 2013 | $1.2M | $893K | $1.1M | $296K | — | View 990 |
| 2012 | $821K | $605K | $468K | $37K | — | View 990 |
| 2011 | $495K | $375K | $215K | $0 | — | View 990 |
| 2010 | $307K | $476K | $307K | $466K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $6.6M, expenses of $6.5M, and assets of $6.3M (revenue +44.9% year-over-year).
- 2017: Revenue of $4.5M, expenses of $3.9M, and assets of $5.8M (revenue +16.4% year-over-year).
- 2016: Revenue of $3.9M, expenses of $2.8M, and assets of $4.0M (revenue +16.3% year-over-year).
- 2015: Revenue of $3.4M, expenses of $2.6M, and assets of $2.8M (revenue +30.1% year-over-year).
- 2014: Revenue of $2.6M, expenses of $1.9M, and assets of $1.7M (revenue +109.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $893K, and assets of $1.1M (revenue +50.0% year-over-year).
- 2012: Revenue of $821K, expenses of $605K, and assets of $468K (revenue +65.9% year-over-year).
- 2011: Revenue of $495K, expenses of $375K, and assets of $215K (revenue +61.3% year-over-year).
- 2010: Revenue of $307K, expenses of $476K, and assets of $307K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florida Minority Community Reinvestment Coalition:
Data Sources and Methodology
This transparency report for Florida Minority Community Reinvestment Coalition 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.