Core Knowledge Foundation

Analysis

Core Knowledge Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Core Knowledge Foundation reported income of $22.1m and spending of $6.2m, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $22.1m (+1033%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Core Knowledge Foundation 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 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Golda Och Academy Inc ($22.1m), Dane County Parent Council Inc ($22.1m) and Advanced Functional Fabrics of America Inc ($22.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $202k (3.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $35.1m against liabilities of $2.6m, net assets of $32.5m. It reported 21 employees.