Innocence Project Of Florida Inc
Innocence Project Of Florida consistently generates surpluses and reports 0% officer compensation.
EIN: 200210812 · Tallahassee, FL · NTEE: I80 · Updated: 2026-03-28
Is Innocence Project Of Florida Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Innocence Project Of Florida Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Innocence Project Of Florida Inc
Innocence Project Of Florida Inc (EIN: 200210812) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code I80. The organization reported total revenue of $2.3M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Innocence Project Of Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Innocence Project Of Florida Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$125K |
| Total Assets | $2.5M |
| Total Liabilities | $213K |
| Net Assets | $2.3M |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2023, Innocence Project Of Florida Inc reported a surplus of $125K with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Innocence Project Of Florida Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.1% | +28.7% | +14.6% |
| 2022 | +64.5% | +27.0% | +57.7% |
| 2021 | +5.3% | -3.5% | +22.2% |
| 2020 | -3.6% | +5.0% | +38.2% |
| 2019 | +37.5% | +15.8% | +35.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Innocence Project Of Florida Inc with a Mission Score of 95 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Innocence Project Of Florida Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $125K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with over $2 million in assets and over $1 million in annual revenue.
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 Innocence Project Of Florida Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Innocence Project Of Florida Inc:
- Consistent revenue surpluses across all reported periods, indicating strong financial health.
- Significant growth in assets over the past decade, from $438,129 in 2014 to $2,470,027 in 2023.
- Excellent transparency with consistent 0% officer compensation reported on IRS 990s.
- Steady growth in revenue, demonstrating increasing support and operational capacity.
- Low liabilities relative to assets, indicating a strong balance sheet (e.g., 2023 liabilities of $212,678 against assets of $2,470,027).
Frequently Asked Questions about Innocence Project Of Florida Inc
Is Innocence Project Of Florida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Innocence Project Of Florida Inc (EIN: 200210812) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Innocence Project Of Florida Inc spend its money?
Innocence Project Of Florida Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Innocence Project Of Florida Inc tax-deductible?
Innocence Project Of Florida Inc is registered as a tax-exempt nonprofit (EIN: 200210812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Innocence Project Of Florida Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that key leadership roles might be filled by volunteers, or compensated through other means not reported as officer compensation on the 990, or that the organization has a unique operational model. Further investigation into their staffing and compensation structure would be beneficial.
What is the specific breakdown of program vs. administrative expenses?
While the provided data shows overall expenses, a detailed breakdown of program, administrative, and fundraising costs is not available. However, the consistent surpluses and 0% officer compensation suggest a strong focus on mission-related spending.
What is the organization's strategy for managing its growing assets?
The organization's assets have grown significantly from $438,129 in 2014 to $2,470,027 in 2023. This growth indicates strong financial management and accumulation of resources, which could be used for future program expansion, endowment building, or operational stability.
Filing History
IRS 990 filing history for Innocence Project Of Florida Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Innocence Project Of Florida Inc's revenue has grown by 126.7%, moving from $659K to $1.5M. Total assets increased by 626.2% over the same period, from $340K to $2.5M. Total functional expenses rose by 140.9%, from $568K to $1.4M. In its most recent filing year (2023), Innocence Project Of Florida Inc reported a surplus of $125K, with revenue exceeding expenses. The organization holds $213K in liabilities against $2.5M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $2.5M | $213K | — | — |
| 2022 | $1.7M | $1.1M | $2.2M | $246K | — | — |
| 2021 | $1.1M | $837K | $1.4M | $67K | — | View 990 |
| 2020 | $1.0M | $867K | $1.1M | $72K | — | View 990 |
| 2019 | $1.0M | $826K | $810K | $0 | — | View 990 |
| 2018 | $757K | $713K | $597K | $1K | — | View 990 |
| 2017 | $627K | $588K | $553K | $0 | — | View 990 |
| 2016 | $580K | $524K | $514K | $0 | — | View 990 |
| 2015 | $562K | $542K | $458K | $0 | — | View 990 |
| 2014 | $649K | $556K | $438K | $398 | — | View 990 |
| 2013 | $444K | $535K | $336K | $0 | — | View 990 |
| 2012 | $633K | $546K | $427K | $0 | — | View 990 |
| 2011 | $659K | $568K | $340K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $2.5M (revenue -14.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.1M, and assets of $2.2M (revenue +64.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $837K, and assets of $1.4M (revenue +5.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $867K, and assets of $1.1M (revenue -3.6% year-over-year).
- 2019: Revenue of $1.0M, expenses of $826K, and assets of $810K (revenue +37.5% year-over-year).
- 2018: Revenue of $757K, expenses of $713K, and assets of $597K (revenue +20.7% year-over-year).
- 2017: Revenue of $627K, expenses of $588K, and assets of $553K (revenue +8.1% year-over-year).
- 2016: Revenue of $580K, expenses of $524K, and assets of $514K (revenue +3.1% year-over-year).
- 2015: Revenue of $562K, expenses of $542K, and assets of $458K (revenue -13.4% year-over-year).
- 2014: Revenue of $649K, expenses of $556K, and assets of $438K (revenue +46.3% year-over-year).
- 2013: Revenue of $444K, expenses of $535K, and assets of $336K (revenue -29.9% year-over-year).
- 2012: Revenue of $633K, expenses of $546K, and assets of $427K (revenue -3.9% year-over-year).
- 2011: Revenue of $659K, expenses of $568K, and assets of $340K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Innocence Project Of Florida Inc:
Data Sources and Methodology
This transparency report for Innocence Project Of Florida 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.