Tom and Valley Knudsen Foundation

Analysis

Tom and Valley Knudsen Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1951, 75 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tom and Valley Knudsen Foundation reported income of $321k and spending of $316k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $401k to $321k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tom and Valley Knudsen Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Lake Brantley Rowing Association Inc ($321k), Barrett Friendly Library ($321k) and Magnolia Regional Health Center Foundation Inc ($321k).

At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m.