Knossos Foundation Inc
Knossos Foundation Inc. maintains strong asset base with zero reported officer compensation.
EIN: 133579596 · Bellevue, WA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $676K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.8M |
| Transparency Score | 85/100 |
Is Knossos Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Knossos Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Knossos Foundation Inc
Knossos Foundation Inc (EIN: 133579596) is a nonprofit organization based in Bellevue, WA. The organization reported total revenue of $2.5M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knossos Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knossos Foundation Inc is a mid-size nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $764K |
| Total Expenses | $676K |
| Surplus / Deficit | +$89K |
| Total Assets | $9.8M |
| Total Liabilities | $1 |
| Net Assets | $9.8M |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.6 months |
Financial Health Grade: A
In 2023, Knossos Foundation Inc reported a surplus of $89K with revenue exceeding expenses, holds 173.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Knossos Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.3% | -4.9% | +0.9% |
| 2022 | -37.7% | -1.8% | -1.6% |
| 2021 | +72.8% | +10.5% | +2.3% |
| 2020 | -66.9% | -8.2% | -1.7% |
| 2019 | +97.9% | +4.9% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Knossos Foundation Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Knossos Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with assets nearing $10 million and annual revenues often exceeding $500,000, suggesting a volunteer-led executive structure or compensation being covered by other means not reported 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 Knossos Foundation Inc's IRS 990 filings:
- NTEE code is unknown, hindering peer comparison and understanding of mission.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- Significant revenue fluctuations without clear explanation.
Strengths
The following positive indicators were identified for Knossos Foundation Inc:
- Consistently strong asset base, averaging over $9 million.
- Extremely low liabilities, often reported as $1, indicating financial stability.
- 0% reported officer compensation across all filings, suggesting high financial prudence.
- Generally positive net income in most periods, contributing to asset growth.
Frequently Asked Questions about Knossos Foundation Inc
Is Knossos Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Knossos Foundation Inc (EIN: 133579596) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Knossos Foundation Inc spend its money?
Knossos Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Knossos Foundation Inc tax-deductible?
Knossos Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133579596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Knossos Foundation Inc CEO make?
Knossos Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Knossos Foundation Inc's spending goes to programs?
Knossos Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Knossos Foundation Inc located?
Knossos Foundation Inc is headquartered in Bellevue, Washington and files with the IRS under EIN 133579596.
How many years of IRS 990 filings does Knossos Foundation Inc have?
Knossos Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
What is the Knossos Foundation Inc.'s primary mission and program activities?
The provided data does not specify the NTEE code or a description of the organization's mission or program activities, which is crucial for understanding its impact.
How does Knossos Foundation Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through an affiliated entity, which would require further investigation to understand the operational model.
What is the detailed breakdown of Knossos Foundation Inc.'s expenses (program, administrative, fundraising)?
The provided IRS 990 data only gives total expenses. A detailed breakdown is necessary to accurately assess spending efficiency and program focus.
What caused the significant revenue fluctuations, such as the peak of $1,551,653 in 2019 and $1,392,429 in 2013?
The data does not provide context for these revenue spikes, which could indicate large one-time donations, grants, or specific fundraising campaigns.
Filing History
IRS 990 filing history for Knossos Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Knossos Foundation Inc's revenue has grown by 133.5%, moving from $327K to $764K. Total assets increased by 19.8% over the same period, from $8.2M to $9.8M. Total functional expenses rose by 25.5%, from $538K to $676K. In its most recent filing year (2023), Knossos Foundation Inc reported a surplus of $89K, with revenue exceeding expenses. The organization holds $1 in liabilities against $9.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $764K | $676K | $9.8M | $1 | — | — |
| 2022 | $553K | $710K | $9.7M | $1 | — | View 990 |
| 2021 | $888K | $723K | $9.8M | $1 | — | View 990 |
| 2020 | $514K | $654K | $9.6M | $1 | — | View 990 |
| 2019 | $1.6M | $713K | $9.8M | $1 | — | — |
| 2015 | $784K | $680K | $9.3M | $1 | — | View 990 |
| 2014 | $687K | $712K | $9.2M | $1 | — | View 990 |
| 2013 | $1.4M | $582K | $9.2M | $0 | — | View 990 |
| 2012 | $533K | $567K | $8.1M | $0 | — | View 990 |
| 2011 | $327K | $538K | $8.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $764K, expenses of $676K, and assets of $9.8M (revenue +38.3% year-over-year).
- 2022: Revenue of $553K, expenses of $710K, and assets of $9.7M (revenue -37.7% year-over-year).
- 2021: Revenue of $888K, expenses of $723K, and assets of $9.8M (revenue +72.8% year-over-year).
- 2020: Revenue of $514K, expenses of $654K, and assets of $9.6M (revenue -66.9% year-over-year).
- 2019: Revenue of $1.6M, expenses of $713K, and assets of $9.8M (revenue +97.9% year-over-year).
- 2015: Revenue of $784K, expenses of $680K, and assets of $9.3M (revenue +14.1% year-over-year).
- 2014: Revenue of $687K, expenses of $712K, and assets of $9.2M (revenue -50.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $582K, and assets of $9.2M (revenue +161.3% year-over-year).
- 2012: Revenue of $533K, expenses of $567K, and assets of $8.1M (revenue +62.8% year-over-year).
- 2011: Revenue of $327K, expenses of $538K, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knossos Foundation Inc:
Data Sources and Methodology
This transparency report for Knossos 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.