Jaquel Knight Foundation

Analysis

Jaquel Knight Foundation is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jaquel Knight Foundation reported income of $101k and spending of $65k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $158k to $101k (-36%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 602%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jaquel Knight Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Tulsa Spotlighters Inc ($101k), Delphos Saint Johns Band Boosters ($101k) and Valley Art Center ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.