Knox County Foundation

Analysis

Knox County Foundation is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 County Foundation reported income of $9.7m and spending of $5.0m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $9.7m (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knox County Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Herbalife Nutrtion Foundation ($9.6m), Community Foundation of Wabash County Inc ($9.7m) and Xavier College Preparatory High School ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $235k (4.7% of expenses). Other salaries and wages came to $106k. At year end it held assets of $102.9m against liabilities of $18.0m, net assets of $85.0m. It reported 4 employees.