Knowledge Futures

Analysis

Knowledge Futures is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 2020, 6 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 Futures reported income of $529k and spending of $2.9m, spending 555% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $427k to $529k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 345%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knowledge Futures sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Peninsula Housing Development Inc Xvii ($529k), St Giannas Place ($529k) and Hesed House of Wharton ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $752k (26% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.7m against liabilities of $238k, net assets of $4.5m. It reported 16 employees.