The Knapp Family Foundation Inc
Knapp Family Foundation consistently reports zero officer compensation while maintaining substantial assets.
EIN: 132979552 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| Net Assets | $12.8M |
| Transparency Score | 85/100 |
Is The Knapp Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Knapp Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Knapp Family Foundation Inc
The Knapp Family Foundation Inc (EIN: 132979552) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.2M and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Knapp Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Knapp Family Foundation Inc is a mid-size nonprofit that has been operating for 47 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-534,087 |
| Total Assets | $12.8M |
| Total Liabilities | $1 |
| Net Assets | $12.8M |
| Operating Margin | -46.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 91.8 months |
Financial Health Grade: B
In 2023, The Knapp Family Foundation Inc reported a deficit of $534K with expenses exceeding revenue, holds 91.8 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), The Knapp Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.5% | +12.4% | -4.0% |
| 2022 | -50.7% | +24.0% | -6.1% |
| 2021 | -5.6% | -25.8% | +0.5% |
| 2020 | -15.4% | +6.6% | -1.9% |
| 2019 | +71.6% | +26.2% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 The Knapp Family 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: 90%
- fundraising: 0%
According to IRS 990 filings, The Knapp Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $534K, with expenses exceeding revenue.
- 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 foundation, which is highly favorable for directing funds to programmatic activities.
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 The Knapp Family Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns, though this is common for private foundations.
Strengths
The following positive indicators were identified for The Knapp Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Stable and substantial asset base (around $13-14 million in recent years), providing long-term financial stability.
- Minimal liabilities reported across all filings, suggesting sound financial management.
- Long filing history (10 filings provided) indicates established operations and consistent reporting.
Frequently Asked Questions about The Knapp Family Foundation Inc
Is The Knapp Family Foundation Inc a legitimate charity?
The Knapp Family Foundation Inc (EIN: 132979552) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Knapp Family Foundation Inc spend its money?
The Knapp Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Knapp Family Foundation Inc tax-deductible?
The Knapp Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132979552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Knapp Family Foundation Inc located?
The Knapp Family Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 132979552.
How many years of IRS 990 filings does The Knapp Family Foundation Inc have?
The Knapp Family 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 $6.2M in total revenue.
How does the foundation determine its grantmaking priorities?
The provided IRS 990 data does not detail the foundation's specific grantmaking priorities or selection process. Further investigation into their website or other public documents would be necessary.
What is the typical size and number of grants distributed annually?
The IRS 990 data provides overall expense figures but does not itemize individual grants. To understand the typical size and number of grants, one would need to review Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals) of their 990 filings.
Does the foundation have a public website or annual report?
The IRS 990 data does not indicate whether the foundation maintains a public website or publishes annual reports. Such resources would enhance transparency regarding their activities and impact.
What is the source of the foundation's revenue, given its fluctuations?
The IRS 990 data shows significant fluctuations in revenue, from $84,209 in 2011 to $10,790,859 in 2013. This suggests revenue may come from investment returns, contributions, or a combination, but the specific breakdown is not detailed in the provided summary.
Filing History
IRS 990 filing history for The Knapp Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Knapp Family Foundation Inc's revenue has grown by 1252.9%, moving from $84K to $1.1M. Total assets increased by 1010.4% over the same period, from $1.2M to $12.8M. Total functional expenses rose by 2475.7%, from $65K to $1.7M. In its most recent filing year (2023), The Knapp Family Foundation Inc reported a deficit of $534K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.7M | $12.8M | $1 | — | — |
| 2022 | $628K | $1.5M | $13.3M | $1 | — | View 990 |
| 2021 | $1.3M | $1.2M | $14.2M | $1 | — | View 990 |
| 2020 | $1.3M | $1.6M | $14.1M | $1 | — | — |
| 2019 | $1.6M | $1.5M | $14.4M | $0 | — | View 990 |
| 2015 | $928K | $1.2M | $14.9M | $0 | — | View 990 |
| 2014 | $2.7M | $1.0M | $15.2M | $0 | — | View 990 |
| 2013 | $10.8M | $1.0M | $13.5M | $0 | — | View 990 |
| 2012 | $3.4M | $235K | $4.3M | $0 | — | View 990 |
| 2011 | $84K | $65K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.7M, and assets of $12.8M (revenue +81.5% year-over-year).
- 2022: Revenue of $628K, expenses of $1.5M, and assets of $13.3M (revenue -50.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $14.2M (revenue -5.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.6M, and assets of $14.1M (revenue -15.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.5M, and assets of $14.4M (revenue +71.6% year-over-year).
- 2015: Revenue of $928K, expenses of $1.2M, and assets of $14.9M (revenue -66.2% year-over-year).
- 2014: Revenue of $2.7M, expenses of $1.0M, and assets of $15.2M (revenue -74.6% year-over-year).
- 2013: Revenue of $10.8M, expenses of $1.0M, and assets of $13.5M (revenue +214.4% year-over-year).
- 2012: Revenue of $3.4M, expenses of $235K, and assets of $4.3M (revenue +3976.1% year-over-year).
- 2011: Revenue of $84K, expenses of $65K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Knapp Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Knapp Family 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.