Knollwood Community Housing Corporation

Analysis

Knollwood Community Housing Corporation is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Knollwood Community Housing Corporation reported income of $517k and spending of $479k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $465k to $517k (+11%), an average of +2.7% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Knollwood Community Housing Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Monsignor Henry J Reel II Senior Housing Development Fund Co Inc ($517k), Evergreen Annex Inc ($517k) and Christian Village of Central Virginia Inc ($517k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $82k. At year end it held assets of $1.5m against liabilities of $1.7m, net assets of -$183k.