The Knowledge House Fellowship Inc

Analysis

The Knowledge House Fellowship Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, The Knowledge House Fellowship Inc reported income of $10.5m and spending of $5.8m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $10.5m (+397%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Knowledge House Fellowship Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Potters House Community Development ($10.5m), Bridge to Home SCV ($10.5m) and Texas One Fund Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $599k (10% of expenses). Other salaries and wages came to $3.0m. It paid $36k in professional fundraising fees. At year end it held assets of $10.1m against liabilities of $1.0m, net assets of $9.1m. It reported 81 employees.