Knowledge Bank

Analysis

Knowledge Bank is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Knowledge Bank reported income of $229k and spending of $69k, leaving 70% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $229k (+208%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 2955%. Over the whole period it spent 52% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Knowledge Bank sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include A Beautiful Me Inc ($229k), Gretna Youth Sports Foundation ($229k) and Whitecaps Community Foundation ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.