Knox Development Partnership Inc

Analysis

Knox Development Partnership Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in July 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Knox Development Partnership Inc reported income of $1.6m and spending of $22k, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $475k to $1.6m (+227%), an average of +227% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 1.2% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knox Development Partnership Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Minnesota Propane Gas Research Foundation ($1.6m), Rainier Valley Community Development Fund ($1.6m) and International Workers Compensation Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $2,625. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 1 employees.