Knox School

Analysis

Knox School is a registered charity in United States, based in St James, NY. It received its IRS tax-exemption ruling in January 1955, 71 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Knox School reported income of $6.3m and spending of $8.9m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.3m to $6.3m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knox School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Big Bend Homeless Coalition Inc ($6.3m), Scoliosis Research Society ($6.3m) and Foundation of Cognitive Therapy and Research ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $125k (1.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $5.8m against liabilities of $17.8m, net assets of -$12.0m. It reported 68 employees.

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.