Floating Doctors Inc is a 501(c)(3) organization based in Topanga, California, registered in 2009, with $1,086,287 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.1M
▲ 63.6% vs prior year
Health median: $840K
Expenses (FY2024)
$639K
Net assets
$1.9M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Floating Doctors Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Floating Doctors Inc: 36 mo reserves · +41% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Floating Doctors Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Floating Doctors Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $473K (FY2021) to $1.1M (FY2024) across 4 reported years.
Financial snapshot
Operating margin
41.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.9M
Total liabilities
$2,203
Net assets
$1.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,086,287▲63.6% | $639,092▼8.6% | $1,904,269▲30.7% | $1,906,472▲30.3% | 990 |
| 2023 | $663,998▼11.0% | $699,587▼5.3% | $1,457,074▼2.4% | $1,463,347▼2.2% | 990 |
| 2022 | $745,747▲57.5% | $738,362▲55.6% | $1,492,663▲0.5% | $1,496,280▲0.3% | 990 |
| 2021 | $473,369 | $474,561 | $1,485,278 | $1,492,471 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
17 grants to Floating Doctors Inc totaling $546K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Health | 2023 | $6,800 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| American Online Giving Foundation Inc | General support | 2022 | $9,366 |
| Paypal Charitable Giving Fund | General support | 2022 | $5,211 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $80,000 |
| Paypal Charitable Giving Fund | General support | 2020 | $9,730 |
| Greater Horizons | Health care | 2019 | $26,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $20,200 |
| International Aid Inc | Provide relief and assistance for ill, needy, and infants | 2018 | $173,214 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $18,000 |
| Greater Horizons | Health care | 2018 | $12,400 |
| International Aid Inc | Provide relief and assistance for ill, needy, and infants | 2017 | $79,185 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $10,000 |
| Globalgiving Foundation Inc | Funds raised by globalgiving and disbursed to meet donor expectations | 2016 | $7,163 |
| Globalgiving Foundation Inc | Funds raised by globalgiving and disbursed to meet donor expectations | 2015 | $29,947 |
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Data for Floating Doctors Inc (EIN 30-0492985) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.