Its 4 the Kids Inc
Nonprofit profile at a glance
- EIN
- 843340809
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Miami, FL, USA
- Phone
- 3053003000
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $271,662
- Expenses
- $226,283
- Assets
- $526,281
- Liabilities
- $12,349
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- RICKY PATEL (PRESIDENT)
People named in this filing
- RICKY PATEL (PRESIDENT)
- ARTI PATEL (DIRECTOR)
- ZAK MANN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Its4thekids foundation focuses on helping children that are facing unique challenges to their health and well being. Ricky patel founded and established its4thekids foundation to help with childrens causes. Three primary areas of focus of this organization include the gracious hands orphanage in haiti, nicklaus children's hospital in miami, Florida and the pitch perfect program available worldwide to pitch an idea to help children in need and have their project funded. Our mission is to provide a better quality of life to all children through hands on assistance. This is accomplished though developing and funding new innovative programs and creating easier access to resources to create a community culture of giving back. We strongly believe this will provide children the opportunity to become healthy and fulfilled adults who could then help others in the community and around the world.
What it reported doing in 2024
Contribution of bags of essentials donated to children, contribution for its4thekids incentive w/miam police, contributions of arts & crafts for children, contribution for tutoring program, contribution to feed children
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 86
- Accountability: 6
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 36.7%; rating input score 37
- Program expense ratio: 40.5%; rating input score 40
- Fundraising efficiency: $2.73 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 85.9%; rating input score 86; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.7%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 2.33; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 13% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: -5% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 16.6% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 36.7% of revenue deployed · 40.5% of spending went to programs
- Governance: 0 of 5 board members independent · 1 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $92K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.