Knowledge Is Power Foundation

Analysis

Knowledge Is Power Foundation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in October 2021, 5 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, Knowledge Is Power Foundation reported income of $230k and spending of $203k, spending 88% of its income. Across the 3 years on record, from December 2018 to December 2023, income grew from $161k to $230k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knowledge Is Power Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Restore Childhood ($230k), Naylor Senior Citizens Association Incorporated ($230k) and Serenity Transformation Home I Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $39k (19% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.