Knowledge Quest Inc

Analysis

Knowledge Quest Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Knowledge Quest Inc reported income of $4.3m and spending of $3.2m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.3m (+117%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Knowledge Quest Inc 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 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Trail Blazer Camps Inc ($4.3m), Firewall Centers Inc ($4.3m) and Boys & Girls Clubs in Colorado Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.9% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $4.9m against liabilities of $142k, net assets of $4.8m. It reported 28 employees.