Knox College

Analysis

Knox College is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in October 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Knox College reported income of $85.7m and spending of $100.2m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $94.5m to $85.7m (-9.3%), an average of -2.4% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knox College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Southwest Charter Foundation Inc ($85.5m), Franklin Pierce University ($85.8m) and Principia Corporation ($85.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $2.1m (2.1% of expenses). Other salaries and wages came to $22.7m. At year end it held assets of $264.1m against liabilities of $53.9m, net assets of $210.2m. It reported 1,341 employees.