Green Knight Economic Development Corporation

Analysis

Green Knight Economic Development Corporation is a registered charity in United States, based in Pen Argyl, PA. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Green Knight Economic Development Corporation reported income of $2.4m and spending of $1.7m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Green Knight Economic Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include People with Disabilities Succeeding ($2.4m), Destination Medical Center Corporation ($2.4m) and Arise Chicago ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 84% of the total. At year end it held assets of $11.8m against liabilities of $1.9m, net assets of $9.9m.