CONFIKIDS INC
Mission Statement
Founded in 2017, ConfiKids, Inc. is a nonprofit organization that addresses the need for all children, regardless of financial limitations, to enroll in enrichment, recreational, sports, and arts programming. Programs that engage children and teach them a new talent or help to advance their ability in a skill they already possess create an environment for children to form friendships on mutual interests, adds to a child’s well-being on countless levels, and most importantly at our core builds a child’s self-confidence. At ConfiKids, we believe every child should have the opportunity to thrive regardless of the ability to pay for the extracurricular program that suits them. ConfiKids works directly with parents, guardians, educators, coaches, and mentors who apply for children to receive financial support to participate in such activities. Children grades 1-8, and who are on the free lunch program at their school, can apply for funding.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.2% | 86.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.6% | 9.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
9.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
16.2% | 17.7% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.6 mo | 6.6 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.8% | 1.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
53.2% | 94.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
30.5% | 9.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
16.1% | 14.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.7% | 2.2% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Children participating in activities that they grow in confidence | 400 | $385.00 | 400 | Per Month |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $222K | $228K | $87K | 79.2% | 2 |
| 2022 | $170K | $196K | $93K | 79.9% | 1 |
| 2021 | $164K | $140K | N/A | — | 1 |
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