Knights of Columbus Massachusetts State Council Charity Fund

Analysis

Knights of Columbus Massachusetts State Council Charity Fund is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in August 1957, 69 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Knights of Columbus Massachusetts State Council Charity Fund reported income of $262k and spending of $262k, spending 100% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $453k to $262k (-42%), an average of -13% a year. The sharpest change came in the year to April 2022, when income rose by 245%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knights of Columbus Massachusetts State Council Charity Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Sustainable Options for Urban Living Inc ($262k), Black Family Land Trust Inc ($262k) and Canadian-Hemphill County Economic Development Corporation ($262k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.