Knox Garden Court Inc
Knox Garden Court Inc. consistently operates at a deficit, drawing down assets while maintaining 0% officer compensation.
EIN: 200349557 · South Bend, IN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $218K |
| Total Expenses | $234K |
| Program Spending | 85% |
| Net Assets | $964K |
| Transparency Score | 80/100 |
Is Knox Garden Court Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Knox Garden Court Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Knox Garden Court Inc
Knox Garden Court Inc (EIN: 200349557) is a nonprofit organization based in South Bend, IN, classified under NTEE code L22. The organization reported total revenue of $218K and total assets of $969K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knox Garden Court Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knox Garden Court Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $234K |
| Surplus / Deficit | $-55,729 |
| Total Assets | $1.0M |
| Total Liabilities | $54K |
| Net Assets | $964K |
| Operating Margin | -31.2% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 52.1 months |
Financial Health Grade: B
In 2024, Knox Garden Court Inc reported a deficit of $56K with expenses exceeding revenue, holds 52.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Knox Garden Court Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.9% | -0.8% | -4.7% |
| 2023 | +0.8% | +18.4% | -2.9% |
| 2022 | -2.6% | +10.5% | -5.0% |
| 2021 | +5.9% | -3.5% | +4.0% |
| 2020 | +5.2% | -1.6% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Knox Garden Court Inc with a Mission Score of 80 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, Knox Garden Court 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.3%.
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 a significant positive for a nonprofit of its size, suggesting a volunteer-driven leadership or extremely lean administrative structure.
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 Knox Garden Court Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have frequently exceeded revenue, leading to a gradual decline in assets over the past decade (e.g., assets decreased from $1,253,437 in 2015 to $1,017,754 in 2024).
Strengths
The following positive indicators were identified for Knox Garden Court Inc:
- Strong asset base relative to annual revenue: Despite deficits, the organization maintains nearly $1 million in assets against annual revenues typically under $200,000.
- Zero officer compensation: Consistently reporting 0% officer compensation demonstrates a strong commitment to directing funds to mission-related activities.
- Consistent IRS 990 filing history: 13 filings indicate a commitment to transparency and regulatory compliance.
Frequently Asked Questions about Knox Garden Court Inc
Is Knox Garden Court Inc a legitimate charity?
Knox Garden Court Inc (EIN: 200349557) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $218K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Knox Garden Court Inc spend its money?
Knox Garden Court Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Knox Garden Court Inc tax-deductible?
Knox Garden Court Inc is registered as a tax-exempt nonprofit (EIN: 200349557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Knox Garden Court Inc's spending goes to programs?
Knox Garden Court Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Knox Garden Court Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Knox Garden Court Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Knox Garden Court Inc located?
Knox Garden Court Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 200349557. It is classified under NTEE code L22.
How many years of IRS 990 filings does Knox Garden Court Inc have?
Knox Garden Court Inc has 13 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 $218K in total revenue.
Why have expenses consistently exceeded revenue for most of the past decade?
The provided data shows that in most periods, such as 202406 (Revenue=$178,738, Expenses=$234,467) and 202306 (Revenue=$180,388, Expenses=$236,401), expenses have been higher than revenue. This trend has led to a decrease in assets from $1,253,437 in 2015 to $1,017,754 in 2024.
What is the primary source of the organization's revenue?
The provided data only lists 'Revenue' without specifying its sources (e.g., grants, program service revenue, contributions). Further detail from the full 990 forms would be needed to answer this.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that any compensated roles are not classified as 'officers' for 990 purposes, indicating a highly efficient or community-supported operational model.
Filing History
IRS 990 filing history for Knox Garden Court Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Knox Garden Court Inc's revenue has grown by 50.8%, moving from $119K to $179K. Total assets decreased by 26.9% over the same period, from $1.4M to $1.0M. Total functional expenses rose by 43.1%, from $164K to $234K. In its most recent filing year (2024), Knox Garden Court Inc reported a deficit of $56K, with expenses exceeding revenue. The organization holds $54K in liabilities against $1.0M in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $964K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $179K | $234K | $1.0M | $54K | — | — |
| 2023 | $180K | $236K | $1.1M | $48K | — | View 990 |
| 2022 | $179K | $200K | $1.1M | $24K | — | View 990 |
| 2021 | $184K | $181K | $1.2M | $61K | — | View 990 |
| 2020 | $174K | $187K | $1.1M | $20K | — | View 990 |
| 2019 | $165K | $190K | $1.1M | $19K | — | View 990 |
| 2018 | $158K | $196K | $1.2M | $23K | — | — |
| 2017 | $154K | $186K | $1.2M | $17K | — | View 990 |
| 2016 | $134K | $169K | $1.2M | $22K | — | View 990 |
| 2015 | $126K | $173K | $1.3M | $16K | — | View 990 |
| 2014 | $126K | $174K | $1.3M | $13K | — | View 990 |
| 2013 | $120K | $157K | $1.4M | $1.7M | — | View 990 |
| 2012 | $119K | $164K | $1.4M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $179K, expenses of $234K, and assets of $1.0M (revenue -0.9% year-over-year).
- 2023: Revenue of $180K, expenses of $236K, and assets of $1.1M (revenue +0.8% year-over-year).
- 2022: Revenue of $179K, expenses of $200K, and assets of $1.1M (revenue -2.6% year-over-year).
- 2021: Revenue of $184K, expenses of $181K, and assets of $1.2M (revenue +5.9% year-over-year).
- 2020: Revenue of $174K, expenses of $187K, and assets of $1.1M (revenue +5.2% year-over-year).
- 2019: Revenue of $165K, expenses of $190K, and assets of $1.1M (revenue +4.4% year-over-year).
- 2018: Revenue of $158K, expenses of $196K, and assets of $1.2M (revenue +2.6% year-over-year).
- 2017: Revenue of $154K, expenses of $186K, and assets of $1.2M (revenue +14.9% year-over-year).
- 2016: Revenue of $134K, expenses of $169K, and assets of $1.2M (revenue +6.7% year-over-year).
- 2015: Revenue of $126K, expenses of $173K, and assets of $1.3M (revenue -0.5% year-over-year).
- 2014: Revenue of $126K, expenses of $174K, and assets of $1.3M (revenue +5.3% year-over-year).
- 2013: Revenue of $120K, expenses of $157K, and assets of $1.4M (revenue +1.1% year-over-year).
- 2012: Revenue of $119K, expenses of $164K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knox Garden Court Inc:
Data Sources and Methodology
This transparency report for Knox Garden Court 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.