Knox Regional Development Alliance Inc
Knox Regional Development Alliance Inc maintains consistent financial stability with growing assets and no reported officer compensation.
EIN: 208105293 · Elizabethtown, KY · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $370K |
| Total Expenses | $339K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $873K |
| Transparency Score | 90/100 |
Is Knox Regional Development Alliance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Knox Regional Development Alliance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Knox Regional Development Alliance Inc
Knox Regional Development Alliance Inc (EIN: 208105293) is a nonprofit organization based in Elizabethtown, KY, classified under NTEE code B60. The organization reported total revenue of $370K and total assets of $906K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knox Regional Development Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knox Regional Development Alliance Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $339K |
| Surplus / Deficit | +$10K |
| Total Assets | $876K |
| Total Liabilities | $3K |
| Net Assets | $873K |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 31.0 months |
Financial Health Grade: A
In 2023, Knox Regional Development Alliance Inc reported a surplus of $10K with revenue exceeding expenses, holds 31.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Knox Regional Development Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.9% | +0.5% | +1.2% |
| 2022 | -11.0% | +0.7% | +1.8% |
| 2021 | -9.2% | -2.0% | +8.9% |
| 2020 | +1.6% | +25.3% | +15.7% |
| 2019 | +2.5% | -17.2% | +33.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Regional Development Alliance 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Knox Regional Development Alliance 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 $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 available filings, including the latest period (202312), which is highly unusual for an organization with annual revenues consistently above $300,000 and indicates a strong commitment to directing resources towards its mission.
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.
Strengths
The following positive indicators were identified for Knox Regional Development Alliance Inc:
- Consistent financial stability with expenses generally below revenue (e.g., 202312: Revenue=$349,328, Expenses=$339,191).
- Strong asset growth over time, from $52,223 in 2015 to $876,022 in 2023.
- Very low liabilities relative to assets ($2,750 in 202312 vs. $876,022 assets).
- No reported officer compensation across all 13 filings, indicating high resource dedication to mission.
- Consistent filing history demonstrating transparency and accountability.
Frequently Asked Questions about Knox Regional Development Alliance Inc
Is Knox Regional Development Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Knox Regional Development Alliance Inc (EIN: 208105293) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Knox Regional Development Alliance Inc spend its money?
Knox Regional Development Alliance Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Knox Regional Development Alliance Inc tax-deductible?
Knox Regional Development Alliance Inc is registered as a tax-exempt nonprofit (EIN: 208105293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Knox Regional Development Alliance Inc CEO make?
Knox Regional Development Alliance Inc's highest-compensated officer earns $300,000 annually. The organization reported $370K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Knox Regional Development Alliance Inc's spending goes to programs?
Knox Regional Development Alliance Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Knox Regional Development Alliance Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Knox Regional Development Alliance Inc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Knox Regional Development Alliance Inc located?
Knox Regional Development Alliance Inc is headquartered in Elizabethtown, Kentucky and files with the IRS under EIN 208105293. It is classified under NTEE code B60.
How many years of IRS 990 filings does Knox Regional Development Alliance Inc have?
Knox Regional Development Alliance 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 $370K in total revenue.
Is Knox Regional Development Alliance Inc a good charity?
Based on the provided financial data, Knox Regional Development Alliance Inc appears to be a well-managed and financially stable organization. It consistently operates with a surplus, has growing assets, and notably reports no officer compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Its assets have increased significantly from $52,223 in 2015 to $876,022 in 2023, while liabilities remain very low. Revenue and expenses have also been stable, with expenses generally below revenue, allowing for asset accumulation.
What is the organization's approach to executive compensation?
Knox Regional Development Alliance Inc has reported 0% officer compensation across all 13 available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for resource allocation.
Filing History
IRS 990 filing history for Knox Regional Development Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Knox Regional Development Alliance Inc's revenue has grown by 393.4%, moving from $71K to $349K. Total assets increased by 758.7% over the same period, from $102K to $876K. Total functional expenses rose by 414.7%, from $66K to $339K. In its most recent filing year (2023), Knox Regional Development Alliance Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $3K in liabilities against $876K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $873K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $339K | $876K | $3K | — | View 990 |
| 2022 | $360K | $337K | $866K | $3K | — | View 990 |
| 2021 | $404K | $335K | $850K | $10K | — | View 990 |
| 2020 | $445K | $342K | $780K | $9K | — | View 990 |
| 2019 | $438K | $273K | $675K | $6K | — | View 990 |
| 2018 | $427K | $330K | $504K | $0 | — | View 990 |
| 2017 | $446K | $206K | $407K | $756 | — | View 990 |
| 2016 | $406K | $292K | $166K | $0 | — | View 990 |
| 2015 | $49K | $78K | $52K | $0 | — | View 990 |
| 2014 | $61K | $67K | $82K | $0 | — | View 990 |
| 2013 | $54K | $64K | $87K | $0 | — | View 990 |
| 2012 | $60K | $65K | $97K | $0 | — | View 990 |
| 2011 | $71K | $66K | $102K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $339K, and assets of $876K (revenue -2.9% year-over-year).
- 2022: Revenue of $360K, expenses of $337K, and assets of $866K (revenue -11.0% year-over-year).
- 2021: Revenue of $404K, expenses of $335K, and assets of $850K (revenue -9.2% year-over-year).
- 2020: Revenue of $445K, expenses of $342K, and assets of $780K (revenue +1.6% year-over-year).
- 2019: Revenue of $438K, expenses of $273K, and assets of $675K (revenue +2.5% year-over-year).
- 2018: Revenue of $427K, expenses of $330K, and assets of $504K (revenue -4.3% year-over-year).
- 2017: Revenue of $446K, expenses of $206K, and assets of $407K (revenue +10.0% year-over-year).
- 2016: Revenue of $406K, expenses of $292K, and assets of $166K (revenue +734.6% year-over-year).
- 2015: Revenue of $49K, expenses of $78K, and assets of $52K (revenue -20.5% year-over-year).
- 2014: Revenue of $61K, expenses of $67K, and assets of $82K (revenue +12.6% year-over-year).
- 2013: Revenue of $54K, expenses of $64K, and assets of $87K (revenue -9.2% year-over-year).
- 2012: Revenue of $60K, expenses of $65K, and assets of $97K (revenue -15.4% year-over-year).
- 2011: Revenue of $71K, expenses of $66K, and assets of $102K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knox Regional Development Alliance Inc:
Data Sources and Methodology
This transparency report for Knox Regional Development Alliance 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.