Knox Housing Partnership Inc

Analysis

Knox Housing Partnership Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Knox Housing Partnership Inc reported income of $4.3m and spending of $4.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.3m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Knox Housing Partnership Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Greater Pomona Housing Development Corporation ($4.3m), Wyoming Weatherization Services ($4.3m) and Park Bixby Towers Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $112k (2.7% of expenses). Other salaries and wages came to $944k. At year end it held assets of $24.0m against liabilities of $14.7m, net assets of $9.3m. It reported 27 employees.