Knowledge Arts Foundation

Analysis

Knowledge Arts Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2005, 21 years ago. 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 December 2023, Knowledge Arts Foundation reported income of $828k and spending of $2.0m, spending 237% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.2m to $828k (-62%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knowledge Arts Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Sunnyside Unified School District Foundation Inc ($828k), Milestone Democratic School Inc ($829k) and Fort Dodge Community Recreation Center ($828k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $22k (1.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.7m against liabilities of $39k, net assets of $6.7m. It reported 19 employees.