Knoernschild Trust Ltd

Analysis

Knoernschild Trust Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Knoernschild Trust Ltd reported income of $457k and spending of $601k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $457k (-57%), an average of -19% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knoernschild Trust Ltd 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 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Allied Womens Center of San Antonio ($457k), Potters Clay Ministries Inc ($457k) and Gullah Geechee Chamber Foundation Inc ($457k).

At year end it held assets of $14.9m against liabilities of $686k, net assets of $14.2m.