Knology Ltd

Analysis

Knology Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Knology Ltd reported income of $1.4m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knology Ltd sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Prescott Park Arts Festival Inc ($1.4m), Eisenhower Dance Ensemble ($1.4m) and St Paul Neighborhood Network ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $346k (22% of expenses). Other salaries and wages came to $719k. At year end it held assets of $859k against liabilities of $334k, net assets of $525k. It reported 12 employees.