Virginia Knights of Columbus Charities Inc

Analysis

Virginia Knights of Columbus Charities Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Virginia Knights of Columbus Charities Inc reported income of $317k and spending of $199k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $192k to $317k (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virginia Knights of Columbus Charities 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 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Elmbrook New Berlin Senior Taxi Inc ($317k), Grow Portland ($317k) and Buckhead Public Safety Foundation Inc ($317k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. It paid $55k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.