Knox Street Improvement District Corporation

Analysis

Knox Street Improvement District Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2011, 15 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, Knox Street Improvement District Corporation reported income of $635k and spending of $522k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $635k (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knox Street Improvement District Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include 4th-Dimension Leaders Inc ($634k), Harlem Business Alliance Inc ($635k) and Central Community Development Corporation ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $720k, net assets of $1.6m.