Knights of Columbus Pro Lite Foundation of Nebraska Inc

Analysis

Knights of Columbus Pro Lite Foundation of Nebraska Inc is a registered charity in United States, based in Scottsbluff, NE. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Knights of Columbus Pro Lite Foundation of Nebraska Inc reported income of $277k and spending of $286k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $187k to $277k (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knights of Columbus Pro Lite Foundation of Nebraska Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NE. Charities of a similar size with the same main cause include Rein Center ($277k), Main Street Murfreesboro-Rutherford County ($277k) and Algiers Economic Development Foundation Inc ($277k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $302k against liabilities of $0, net assets of $302k.