Knotty Luxe Arts Foundation NFP

Analysis

Knotty Luxe Arts Foundation NFP is a registered charity in United States, based in Markham, IL. It received its IRS tax-exemption ruling in July 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 (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 2022, Knotty Luxe Arts Foundation NFP reported income of $574k and spending of $479k, spending 84% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $360k to $574k (+59%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knotty Luxe Arts Foundation NFP sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Triskelion Arts-Kick-Standance Inc ($574k), Strand Theatre and Cultural Artsassociation Inc ($574k) and Douglas County Veterans Monument Foundation Corp ($574k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $147k (31% of expenses). Other salaries and wages came to $62k. At year end it held assets of $95k against liabilities of $0, net assets of $95k.