City of Knowledge

Analysis

City of Knowledge is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, City of Knowledge reported income of $1.0m and spending of $942k, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $803k to $1.0m (+30%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 139%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City of Knowledge sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Humboldt Daycare & Preschool Inc ($1.0m), Association of Independent Colleges of Art and Design Inc ($1.0m) and Crimson Business Education Group ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $393k. At year end it held assets of $1.5m against liabilities of $1,493, net assets of $1.5m. It reported 24 employees.