Knights of Heroes Foundation

Analysis

Knights of Heroes Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Knights of Heroes Foundation reported income of $224k and spending of $260k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $406k to $224k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Knights of Heroes Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($223k), Kids Club of Tarrytown & Sleepy Hollow Inc ($224k) and Southbay Youth Maritime Foundation ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $64k. It paid $1,808 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $230k, net assets of $2.2m. It reported 2 employees.