Knowledgeworks Foundation

Analysis

Knowledgeworks Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Knowledgeworks Foundation reported income of $7.5m and spending of $17.7m, spending 236% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.6m to $7.5m (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 197% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knowledgeworks Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Quest Forward Academy Inc ($7.5m), Manzanita Public Charter School ($7.5m) and Mountain Mission School Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $1.5m (8.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $9.9m against liabilities of $5.9m, net assets of $4.0m. It reported 57 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.