It Works Gives Back Foundation Inc

Foundation · Grantmaker Palmetto, FL EIN: 46-4384553 Website

THE FOUNDATION'S MISSION CONSISTS OF DISTRIBUTING FUNDS AND ASSETS TO PUBLIC CHARITIES QUALIFYING UNDER INTERNAL REVENUE SECTION 501(C)(3). THE DISTRIBUTION OF FUNDS TO TAX EXEMPT PUBLIC CHARITIES IS FOR THE PURPOSE OF IMPROVING AND BENEFITTING SOCIETY.

Key facts about It Works Gives Back Foundation Inc

EIN: 46-4384553
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $64,500
Grants made (2024): 5
Average grant: $12,900
Median grant: $10,000
Total assets: $34,808
Primary geography: North Carolina (39% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who It Works Gives Back Foundation Inc funds

By grant dollars, the top recipient states for It Works Gives Back Foundation Inc's 5 itemized 2024 grants were North Carolina (39%), Florida (27%) and Louisiana (19%). 20% of grants with a stated purpose were for general or operating support.

How It Works Gives Back Foundation Inc gives

Giving fell 44% from 2021 to 2024. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$35K

-52.7% YoY

Annual Giving

$65K

+4.0% YoY

Grant Count

-16.7% YoY

Avg Grant Size

$13K

+24.8% YoY

About It Works Gives Back Foundation Inc

Based on IRS filings

It Works Gives Back Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Palmetto, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $35K in total assets. In 2024, it awarded 5 grants totaling $65K. Net investment income was $2K.

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $25K (39%)

Florida $18K (27%)

Louisiana $12K (19%)

California $10K (16%)

Share of all 5 itemized 2024 grant dollars.

States

California Florida Louisiana North Carolina Texas

Cities

BradentonSarasotaBooneLos AngelesPrairievilleCaryDallasLantana

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$34,808	$73,551	$99,449
Revenue	$41,400	$44,880	$67,938
Expenses	$80,143	$68,594	$127,091
Qualifying Distributions	—	—	—
Net Investment Income	$1,768	$2,161	$45
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

33 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Samaritans Purse ($25,000), Children's Cup ($12,000), Gary Sinise Foundation ($10,000).

Recipient	Purpose	Amount
SAMARITANS PURSE Boone, NC	GENERAL SUPPORT	$25,000
CHILDREN'S CUP Prairieville, LA	TO BRING CHILDREN OUT OF THE CYCLE OF POVERTY TO BECOME CONTRIBUTORS TO THEIR COMMUNITIES AS LEADERS AND BUSINESS PEOPLE.	$12,000
GARY SINISE FOUNDATION Los Angeles, CA	VETERANS SUPPORT	$10,000
SELAH FREEDOM INC Sarasota, FL	TO BRING SOLUTIONS TO SURVIVORS OF SEX TRAFFICKING AND EXPLOITATION.	$10,000
HOPE FAMILY SERVICES Bradenton, FL	TO PROMOTE SAFETY, STRENGTH AND WELL-BEING FOR VICTIMS AND SURVIVORS OF DOMESTIC VIOLENCE AND THEIR CHILDREN IN MANATEE COUNTY (FLORIDA).	$7,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Cindy Pentecost	Director, President, Treas	1.5	—
Joseph Alcala	Director	2.5	—
Amanda Clark	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is It Works Gives Back Foundation Inc?

It Works Gives Back Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Palmetto, FL. It holds $35K in total assets as of 2024.

How large is It Works Gives Back Foundation Inc?

As of 2024, It Works Gives Back Foundation Inc holds $35K in total assets with $41K in annual revenue. It awarded 5 grants totaling $65K in 2024.

Where does It Works Gives Back Foundation Inc operate?

It Works Gives Back Foundation Inc has awarded grants in California, Florida, Louisiana, North Carolina, Texas.

What size grants does It Works Gives Back Foundation Inc award?

In 2024, It Works Gives Back Foundation Inc awarded 5 grants totaling $65K — an average of about $13K per grant, based on its IRS Form 990 filings.

What is It Works Gives Back Foundation Inc's EIN?

It Works Gives Back Foundation Inc's EIN (Employer Identification Number) is 46-4384553. IRS Form 990 filing data is available on this page for 2020–2024.