Knight-Swift Charitable Foundation

Analysis

Knight-Swift Charitable Foundation is a registered charity in United States, based in Phoenix, AZ. 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, Knight-Swift Charitable Foundation reported income of $767k and spending of $763k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $671k to $767k (+14%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knight-Swift Charitable Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Asbury Day Care Center Inc ($767k), Wesley at Milan Inc ($768k) and Cofem ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $531k against liabilities of $396k, net assets of $136k.