Knox Inc

Analysis

Knox Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Knox Inc reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $2.3m (+75%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Knox Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Anchorage Gymnastics Association ($2.3m), Special Camps for Special Kids ($2.3m) and Arvada Soccer Association Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $120k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.8m against liabilities of $451k, net assets of $1.4m. It reported 66 employees.