Kelly for Ita Foundation 008975-000
Nonprofit profile at a glance
- EIN
- 237277016
- IRS 990-PF coverage
- 2020–2024
- Forms available
- Form 990-PF 2024, Form 990-T 2020
- Location
- Wilmington, DE, USA
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $681,945
- Expenses
- $353,217
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Kelly for Ita Foundation 008975-000 is a nonprofit. Location: Wilmington, DE. EIN 237277016. Tax year 2024 Form 990-PF reports $682K revenue and $353K expenses.
What it reported funding in 2024
The foundation reported 1 filed grant row totaling $174,802. The stated grant purpose was to support pitman's initial.
Operating model
- Revenue model
- Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- Grant intermediary. The foundation distributed 66% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
SUPPORTED - The filing identifies who received its grants and the filed numbers largely add up. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.
Rating breakdown
- Grant Deployment: 31
- Cost Efficiency: 49
- Transparency: 100
- Compliance: 92
- Endowment Health: 93
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 31.5%; rating input score 31; 4th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 49.5%; rating input score 49; 13th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Foundation activity disclosures: 16 of 19 controls in place; rating input score 84
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Fail
- Assets transferred to a disqualified person: Fail
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Individual grants for travel, study or similar purposes: Pass
- Grants outside qualifying charitable organization categories: Fail
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 59.93; rating input score 93; 93rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: 31.5% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 93th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Grant Deployment: Grant deployment ratio scored 31/100.
- Moderate — Cost Efficiency: Grant expense ratio scored 49/100.
- Review — Compliance: Foundation activity disclosures: 3 of 19 not reported.