Janet H And C Harry Knowles Foundation Inc
Janet H And C Harry Knowles Foundation consistently spends more than annual revenue, relying on substantial assets to fund educational programs.
EIN: 10485964 · Moorestown, NJ · NTEE: P99 · Updated: 2026-03-26
Is Janet H And C Harry Knowles Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Janet H And C Harry Knowles Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Janet H And C Harry Knowles Foundation Inc
Janet H And C Harry Knowles Foundation Inc (EIN: 10485964) is a nonprofit organization based in Moorestown, NJ, classified under NTEE code P99. The organization reported total revenue of $29.4M and total assets of $81.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Janet H And C Harry Knowles Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Janet H And C Harry Knowles Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Janet H And C Harry Knowles Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this asset size ($81.6 million) and expense level ($7.6 million in 202305). This suggests either a fully volunteer-led executive team or that executive functions are handled by an external entity or through other means not classified as officer compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Janet H And C Harry Knowles Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding annual revenue, indicating reliance on asset drawdowns which may not be sustainable indefinitely without significant investment returns or new large contributions.
- Significant fluctuations in annual revenue, making financial planning potentially challenging without a robust endowment strategy.
Strengths
The following positive indicators were identified for Janet H And C Harry Knowles Foundation Inc:
- Strong asset base ($83,476,702 in 202305) providing financial stability and long-term capacity.
- Consistent reporting of 0% officer compensation, indicating excellent transparency and a focus on mission over executive pay.
- Stable expense levels (typically $5.5M-$7.6M annually) despite revenue volatility, suggesting predictable operational costs.
- High mission score reflecting strong program focus and efficiency.
Frequently Asked Questions about Janet H And C Harry Knowles Foundation Inc
Is Janet H And C Harry Knowles Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Janet H And C Harry Knowles Foundation Inc (EIN: 10485964) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Janet H And C Harry Knowles Foundation Inc spend its money?
Janet H And C Harry Knowles Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Janet H And C Harry Knowles Foundation Inc tax-deductible?
Janet H And C Harry Knowles Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10485964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Janet H And C Harry Knowles Foundation Inc a good charity?
Based on the available data, the foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than executive salaries. Its substantial asset base allows it to maintain consistent program spending despite fluctuating annual revenues, ensuring long-term stability for its beneficiaries.
How does the foundation fund its operations given its revenue fluctuations?
The foundation primarily funds its operations through its significant asset base. For example, in 202305, expenses were $7,611,742 while revenue was only $2,401,132. This deficit is covered by drawing from its $83,476,702 in assets, which have consistently been in the tens of millions over the past decade.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth and fluctuation. They increased from $77,630,737 in 201105 to a peak of $110,054,280 in 202105, before settling at $83,476,702 in 202305. This indicates active management of its endowment and investments.
Does the foundation have high administrative costs?
While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the consistent 0% officer compensation suggests a lean executive overhead. Assuming a typical foundation structure, a significant portion of expenses beyond direct program grants would be administrative, but without detailed expense categories, it's difficult to definitively assess the 'highness' of administrative costs. However, the overall efficiency implied by 0% officer compensation is positive.
Filing History
IRS 990 filing history for Janet H And C Harry Knowles Foundation Inc showing financial trends over 10 years of public records:
Total assets increased by 7.5% over the same period, from $77.6M to $83.5M. Total functional expenses rose by 39.4%, from $5.5M to $7.6M. In its most recent filing year (2023), Janet H And C Harry Knowles Foundation Inc reported a deficit of $5.2M, with expenses exceeding revenue. The organization holds $10.8M in liabilities against $83.5M in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $72.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $7.6M | $83.5M | $10.8M | — | View 990 |
| 2022 | $6.3M | $7.5M | $83.7M | $5.7M | — | View 990 |
| 2021 | $41.1M | $5.6M | $110.1M | $5.8M | — | View 990 |
| 2020 | $3.4M | $6.4M | $61.3M | $6.0M | — | View 990 |
| 2019 | $4.3M | $6.5M | $63.9M | $6.0M | — | View 990 |
| 2015 | $1.5M | $7.0M | $74.8M | $4.8M | — | View 990 |
| 2014 | $3.5M | $7.3M | $73.8M | $2.5M | — | View 990 |
| 2013 | $1.3M | $6.9M | $70.3M | $412K | — | View 990 |
| 2012 | $-403,751 | $6.3M | $71.7M | $368K | — | View 990 |
| 2011 | $-108,295 | $5.5M | $77.6M | $265K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $7.6M, and assets of $83.5M (revenue -62.0% year-over-year).
- 2022: Revenue of $6.3M, expenses of $7.5M, and assets of $83.7M (revenue -84.6% year-over-year).
- 2021: Revenue of $41.1M, expenses of $5.6M, and assets of $110.1M (revenue +1093.2% year-over-year).
- 2020: Revenue of $3.4M, expenses of $6.4M, and assets of $61.3M (revenue -19.5% year-over-year).
- 2019: Revenue of $4.3M, expenses of $6.5M, and assets of $63.9M (revenue +179.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $7.0M, and assets of $74.8M (revenue -56.5% year-over-year).
- 2014: Revenue of $3.5M, expenses of $7.3M, and assets of $73.8M (revenue +172.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $6.9M, and assets of $70.3M.
- 2012: Revenue of $-403,751, expenses of $6.3M, and assets of $71.7M.
- 2011: Revenue of $-108,295, expenses of $5.5M, and assets of $77.6M.
Data Sources and Methodology
This transparency report for Janet H And C Harry Knowles Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.