Knoll View Corp

Analysis

Knoll View Corp is a registered charity in United States, based in Sparta, NJ. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Knoll View Corp reported income of $243k and spending of $1.0m, spending 422% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $243k (-77%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Knoll View Corp sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include McKeesport Presbyterian Senior Housing Inc ($243k), Alexandria Senior Housing Inc ($244k) and Hospitality House ($243k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $526k. At year end it held assets of $1.4m against liabilities of $760k, net assets of $626k.

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.