Minnesota Knights Foundation

Analysis

Minnesota Knights Foundation is a registered charity in United States, based in Jordan, MN. It received its IRS tax-exemption ruling in September 1990, 36 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, Minnesota Knights Foundation reported income of $126k and spending of $28k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $146k to $126k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 18% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Knights Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Tulare County Office of Education Foundation ($126k), Austin Helps Honduras ($126k) and Adel Desoto Community School District Scholarship Foundation ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.