Knights Trust Inc

Analysis

Knights Trust Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Knights Trust Inc reported income of $72k and spending of $80k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $87k to $72k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knights Trust Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include Thayer Family Foundation ($72k), Horn Memorial Hospital Foundation ($72k) and Glenbrook High School Foundation ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $997k against liabilities of $0, net assets of $997k.