Knollbrook Trust

Analysis

Knollbrook Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Knollbrook Trust reported income of $1.1m and spending of $578k, leaving 48% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $325k to $1.1m (+242%), an average of +28% a year. The sharpest change came in the year to December 2019, when income rose by 69%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knollbrook Trust sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Three Rivers Rowing Association ($1.1m), Luther Seminary Foundation ($1.1m) and Oak Ridge High School Sports ($1.1m).

Compensation of current officers, directors and key employees was $33k (5.8% of expenses). At year end it held assets of $10.2m against liabilities of $0, net assets of $10.2m.