Knewjoy

Analysis

Knewjoy is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Knewjoy reported income of $57k and spending of $46k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $57k (+188%), an average of +188% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Knewjoy sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Behavioral Institute for Children and Adolescents ($57k), New England Masters Study Club ($57k) and Oklahoma Outdoor Outreach Foundation ($57k).

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 $17k against liabilities of $0, net assets of $17k.