Knights of Columbus Museum Inc

Analysis

Knights of Columbus Museum Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Knights of Columbus Museum Inc reported income of $2.2m and spending of $2.5m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knights of Columbus Museum Inc sits at the 92nd percentile: it is larger than about 92% 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 Frontiers of Flight Museum Inc ($2.2m), Ragdale Foundation ($2.2m) and Portland Playhouse ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $3.2m against liabilities of $169k, net assets of $3.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.