New Knollwood Community Center Inc

Analysis

New Knollwood Community Center Inc is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in May 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Knollwood Community Center Inc reported income of $88k and spending of $64k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $93k to $88k (-5.6%), an average of -5.6% a year. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Knollwood Community Center Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within DE. Charities of a similar size with the same main cause include North American Truffle Growers Association ($88k), Prairie Creek Shopping Center ($88k) and Belpre Homecoming Festival ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $296k against liabilities of $5,316, net assets of $291k.