Knights of Columbus Charities USA Inc

Analysis

Knights of Columbus Charities USA Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 2004, 22 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Knights of Columbus Charities USA Inc reported income of $5.2m and spending of $3.8m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $5.2m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knights of Columbus Charities USA Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Charlevoix County Community Foundation ($5.2m), Acts Legacy Foundation Inc ($5.2m) and United Way of Santa Cruz County ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 0.2% of the total. At year end it held assets of $89.7m against liabilities of $17.0m, net assets of $72.7m.