Knights of Columbus Charitable Fund Inc

Analysis

Knights of Columbus Charitable Fund Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Knights of Columbus Charitable Fund Inc reported income of $66.3m and spending of $35.5m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $66.3m (+2077%), an average of +116% a year. The sharpest change came in the year to December 2021, when income rose by 299%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knights of Columbus Charitable Fund Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Sacramento Region Community Foundation ($65.8m), Nebraska Community Foundation ($66.5m) and United Way of Greater Houston ($65.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. At year end it held assets of $120.8m against liabilities of $541k, net assets of $120.3m.