Knowledge Seekers

Analysis

Knowledge Seekers is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Seekers reported income of $53k and spending of $140k, spending 265% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $555k to $53k (-90%), an average of -90% a year. The sharpest change came in the year to December 2023, when income dropped by 90%. Over the whole period it spent 25% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knowledge Seekers sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Opportunities Incorporated ($53k), Utah Association of College and Employers ($53k) and Hyolmo Society of America Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 60% of the total. At year end it held assets of $463k against liabilities of $5,154, net assets of $458k.