Knots of Love Inc

Analysis

Knots of Love Inc is a registered charity in United States, based in Ashland, WI. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Knots of Love Inc reported income of $211k and spending of $232k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $451k to $211k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knots of Love Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within WI. Charities of a similar size with the same main cause include Rice Foundation Inc ($211k), Forest Acres Inc ($211k) and Casa Colibri ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $75k (32% of expenses). At year end it held assets of $126k against liabilities of $2,336, net assets of $124k. It reported 1 employees.