Knox Education Foundation

Analysis

Knox Education Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 2021, 5 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 June 2024, Knox Education Foundation reported income of $5.9m and spending of $4.9m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $5.9m (+294%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 365%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knox Education Foundation 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 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Legacy Traditional School-Deer Valley ($5.9m), Pro Vision Educational Services Inc ($5.9m) and Robertson Charter School ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $180k (3.7% of expenses). Other salaries and wages came to $721k. At year end it held assets of $7.3m against liabilities of $424k, net assets of $6.9m. It reported 34 employees.