Knoch Knights Legacies Foundation

Analysis

Knoch Knights Legacies Foundation is a registered charity in United States, based in Saxonburg, PA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Knoch Knights Legacies Foundation reported income of $55k and spending of $83k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $55k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 134% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knoch Knights Legacies Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Just for Kids Foundation ($55k), Project Home Foundation ($55k) and Kenai Peninsula Youth Court ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.