Community Knights Inc

Analysis

Community Knights Inc is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in January 2013, 13 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 September 2023, Community Knights Inc reported income of $565k and spending of $594k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $522k to $565k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to September 2023, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Knights Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include South Jersey Tourism Corporation a New Jersey Non-Profit Corporation ($565k), Community Support Network Inc ($565k) and Caribbean Integration Community Development Inc ($565k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.7% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $84k (14% of expenses). Other salaries and wages came to $98k. At year end it held assets of $389k against liabilities of $42k, net assets of $347k. It reported 75 employees.