Knowbility Inc

Analysis

Knowbility Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Knowbility Inc reported income of $890k and spending of $1.3m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $890k (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knowbility Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Drop-In Self-Help Center ($890k), Maggies Wigs 4 Kids of Michigan Inc ($890k) and Rockbridge Area Transportation Syst ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $77k (6.1% of expenses). Other salaries and wages came to $562k. At year end it held assets of $114k against liabilities of $504k, net assets of -$390k. It reported 16 employees.