The Knee Society Inc

Analysis

The Knee Society Inc is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 December 2023, The Knee Society Inc reported income of $1.8m and spending of $1.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $684k to $1.8m (+170%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Knee Society Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Perry Technical Foundation ($1.8m), Nuhop Center for Experiential Learning ($1.8m) and Offender Alumni Association ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Other salaries and wages came to $219k. At year end it held assets of $5.2m against liabilities of $999k, net assets of $4.2m.