Knights of Aksarben Foundation

Analysis

Knights of Aksarben Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Knights of Aksarben Foundation reported income of $4.1m and spending of $3.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.1m (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knights of Aksarben Foundation 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 91st percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Beyond Bedtime Inc ($4.1m), Arc of Vigo County ($4.1m) and Child Care Council of Suffolk Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $826k (22% of expenses). Other salaries and wages came to $551k. At year end it held assets of $11.3m against liabilities of $2.3m, net assets of $9.0m. It reported 17 employees.