Miami Dade Family Learning Partnership Inc

Is Miami Dade Family Learning Partnership Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Miami Dade Family Learning Partnership Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Miami Dade Family Learning Partnership Inc

Miami Dade Family Learning Partnership Inc (EIN: 141916606) is a nonprofit organization based in Miami, FL, classified under NTEE code B902. The organization reported total revenue of $4.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miami Dade Family Learning Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Miami Dade Family Learning Partnership 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, Miami Dade Family Learning Partnership 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing funds to programs.

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 Miami Dade Family Learning Partnership Inc:

• Consistent revenue and asset growth over a decade, from $1.6M revenue in 2014 to $3.4M in 2023.
• Zero reported officer compensation across all filings, indicating high transparency and mission focus.
• Expenses consistently align closely with revenue, suggesting efficient use of funds without excessive accumulation.
• Positive net assets growth, from $296,246 in 2014 to $518,856 in 2023 (Assets - Liabilities), indicating financial stability.

Frequently Asked Questions about Miami Dade Family Learning Partnership Inc

Filing History

IRS 990 filing history for Miami Dade Family Learning Partnership Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Miami Dade Family Learning Partnership Inc's revenue has grown by 174.5%, moving from $1.2M to $3.4M. Total assets increased by 372.9% over the same period, from $239K to $1.1M. Total functional expenses rose by 156.4%, from $1.2M to $3.1M. In its most recent filing year (2023), Miami Dade Family Learning Partnership Inc reported a surplus of $296K, with revenue exceeding expenses. The organization holds $610K in liabilities against $1.1M in assets (debt-to-asset ratio: 54.0%), resulting in net assets of $519K.

Year-by-Year Financial Summary

• 2023: Revenue of $3.4M, expenses of $3.1M, and assets of $1.1M (revenue +25.1% year-over-year).
• 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $836K (revenue +18.7% year-over-year).
• 2021: Revenue of $2.3M, expenses of $2.4M, and assets of $511K (revenue +13.1% year-over-year).
• 2020: Revenue of $2.0M, expenses of $2.0M, and assets of $377K (revenue +37.4% year-over-year).
• 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $320K (revenue -7.2% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $311K (revenue +29.0% year-over-year).
• 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $258K (revenue +6.4% year-over-year).
• 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $240K (revenue -5.4% year-over-year).
• 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $244K (revenue -25.8% year-over-year).
• 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $330K (revenue +12.6% year-over-year).
• 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $331K (revenue +9.1% year-over-year).
• 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $308K (revenue +1.7% year-over-year).
• 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $270K (revenue +6.5% year-over-year).
• 2010: Revenue of $1.2M, expenses of $1.2M, and assets of $239K.

Data Sources and Methodology

This transparency report for Miami Dade Family Learning Partnership 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.