Knox Partnership for Arts and Culture Inc

Analysis

Knox Partnership for Arts and Culture Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Knox Partnership for Arts and Culture Inc reported income of $364k and spending of $549k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $720k to $364k (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 33%. Over the whole period it spent 146% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knox Partnership for Arts and Culture Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($364k), Grand Oaks High School Band Booster Association ($364k) and International House of Rhode Island Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 18% of the total. At year end it held assets of $1.7m against liabilities of $2.3m, net assets of -$606k. It reported 1 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.