Fit Kids America Inc
Fit Kids America Inc faces recurring operational deficits despite zero reported officer compensation.
EIN: 203892595 · Palm Coast, FL · NTEE: P30 · Updated: 2026-03-28
Is Fit Kids America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fit Kids America Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fit Kids America Inc
Fit Kids America Inc (EIN: 203892595) is a nonprofit organization based in Palm Coast, FL, classified under NTEE code P30. The organization reported total revenue of $941K and total assets of $214K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fit Kids America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fit Kids America Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $860K |
| Total Expenses | $900K |
| Surplus / Deficit | $-40,227 |
| Total Assets | $103K |
| Total Liabilities | $36K |
| Net Assets | $67K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, Fit Kids America Inc reported a deficit of $40K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fit Kids America Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +17.6% | -54.3% |
| 2022 | +55.0% | +74.7% | -8.7% |
| 2021 | +28.3% | -17.5% | +18.1% |
| 2020 | -74.2% | -68.4% | +204.1% |
| 2019 | +7.2% | +27.7% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Fit Kids America Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Fit Kids America Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
Fit Kids America Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a highly volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation, which is a strong positive for resource allocation.
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 Fit Kids America Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $40,227 deficit in 2023, $25,663 deficit in 2022).
- Significant fluctuations in revenue and assets over time, indicating potential instability or reliance on variable funding.
- Liabilities increased significantly in 2022 ($117,418) and 2021 ($113,077) compared to earlier periods (e.g., $1 in 2015).
Strengths
The following positive indicators were identified for Fit Kids America Inc:
- Zero reported officer compensation across all filings, indicating highly efficient use of funds at the leadership level.
- Strong program focus implied by the absence of officer compensation, suggesting resources are directed to mission.
- History of significant revenue generation, reaching over $1.4 million in 2019 and $1.3 million in 2015.
Frequently Asked Questions about Fit Kids America Inc
Is Fit Kids America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fit Kids America Inc (EIN: 203892595) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Fit Kids America Inc spend its money?
Fit Kids America Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fit Kids America Inc tax-deductible?
Fit Kids America Inc is registered as a tax-exempt nonprofit (EIN: 203892595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fit Kids America Inc financially sustainable given its recent deficits?
The organization has reported expenses exceeding revenue in multiple recent periods (2023, 2022, 2020), which raises concerns about its long-term financial sustainability. While assets are present, consistent deficits can erode reserves.
How does Fit Kids America Inc fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is highly efficient for a nonprofit.
What caused the significant revenue fluctuation, such as the drop from $1,442,398 in 2019 to $371,986 in 2020?
The dramatic decrease in revenue between 2019 and 2020, from over $1.4 million to under $400,000, warrants further investigation. This could be due to changes in funding sources, program scope, or external factors like the COVID-19 pandemic.
Filing History
IRS 990 filing history for Fit Kids America Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fit Kids America Inc's revenue has grown by 29.3%, moving from $665K to $860K. Total assets decreased by 20.5% over the same period, from $129K to $103K. Total functional expenses rose by 55.8%, from $578K to $900K. In its most recent filing year (2023), Fit Kids America Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $36K in liabilities against $103K in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $860K | $900K | $103K | $36K | — | — |
| 2022 | $740K | $765K | $225K | $117K | — | View 990 |
| 2021 | $477K | $438K | $246K | $113K | — | View 990 |
| 2020 | $372K | $531K | $208K | $114K | — | View 990 |
| 2019 | $1.4M | $1.7M | $69K | $-8,476 | — | View 990 |
| 2015 | $1.3M | $1.3M | $72K | $1 | — | View 990 |
| 2014 | $878K | $871K | $81K | $1 | — | View 990 |
| 2013 | $778K | $814K | $94K | $1 | — | View 990 |
| 2012 | $750K | $706K | $173K | $1 | — | View 990 |
| 2011 | $665K | $578K | $129K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $860K, expenses of $900K, and assets of $103K (revenue +16.3% year-over-year).
- 2022: Revenue of $740K, expenses of $765K, and assets of $225K (revenue +55.0% year-over-year).
- 2021: Revenue of $477K, expenses of $438K, and assets of $246K (revenue +28.3% year-over-year).
- 2020: Revenue of $372K, expenses of $531K, and assets of $208K (revenue -74.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.7M, and assets of $69K (revenue +7.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $72K (revenue +53.3% year-over-year).
- 2014: Revenue of $878K, expenses of $871K, and assets of $81K (revenue +12.8% year-over-year).
- 2013: Revenue of $778K, expenses of $814K, and assets of $94K (revenue +3.8% year-over-year).
- 2012: Revenue of $750K, expenses of $706K, and assets of $173K (revenue +12.8% year-over-year).
- 2011: Revenue of $665K, expenses of $578K, and assets of $129K.
Data Sources and Methodology
This transparency report for Fit Kids America 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.