Edward B and Joan T Knight Foundation Inc
Only null% goes to programs Strong reserves
Edward B and Joan T Knight Foundation Inc is a 501(c)(3) organization based in Ocala, Florida, registered in 2018, with $2,301,077 in FY2024 revenue. CharityIndex grades it C+.
1218 Se 52nd St, Ocala, FL, 34480 EIN 38-4039936 Since 2018
Revenue (FY2024)
$2.3M
▼ 7.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.7M
Net assets
$50.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Edward B and Joan T Knight Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating229 mo reserves · -15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Edward B and Joan T Knight Foundation Inc: 229 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Edward B and Joan T Knight Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Edward B and Joan T Knight Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1218 Se 52nd St, Ocala, FL, 34480
- City
- Ocala
- State
- Florida
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue declined from $53.4M (FY2017) to $2.3M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $470Net assets $50.8M
Operating margin
-15.4%
Spent more than it raised in the latest fiscal year.
Total assets
$50.8M
Total liabilities
$470
Net assets
$50.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,301,077▼7.4% | $2,656,266▲0.5% | $50,789,501▼0.7% | $50,789,971▼0.7% | 990PF |
| 2023 | $2,485,229▲132% | $2,644,113▼10.6% | $51,144,690▼0.3% | $51,146,216▼0.3% | 990PF |
| 2022 | -$7,702,475▼438% | $2,958,111▲56.8% | $51,303,574▼17.2% | $51,308,861▼17.2% | 990PF |
| 2021 | $2,280,338▲3.2% | $1,887,091▲15.2% | $61,964,160▲0.6% | $61,964,160▲0.6% | 990PF |
| 2020 | $2,210,414▲56.6% | $1,637,701▲2.5% | $61,570,913▲0.9% | $61,570,913▲0.9% | 990PF |
| 2019 | $1,411,303▼85.0% | $1,597,386▲76.8% | $60,998,200▼0.3% | $61,048,347▼0.2% | 990PF |
| 2018 | $9,380,475▼82.4% | $903,543▼33.1% | $61,184,283▲16.1% | $61,185,085▲16.1% | 990PF |
| 2017 | $53,371,298 | $1,350,688 | $52,707,351 | $52,707,351 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Edward B and Joan T Knight Foundation Inc a legitimate nonprofit?
- Yes. Edward B and Joan T Knight Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-4039936, based in Ocala, Florida. Donations are tax-deductible.
- What is Edward B and Joan T Knight Foundation Inc's EIN?
- Edward B and Joan T Knight Foundation Inc's Employer Identification Number (EIN) is 38-4039936.
- How much revenue does Edward B and Joan T Knight Foundation Inc report?
- Edward B and Joan T Knight Foundation Inc reported $2,301,077 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Edward B and Joan T Knight Foundation Inc have?
- CharityIndex grades Edward B and Joan T Knight Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Edward B and Joan T Knight Foundation Inc (EIN 38-4039936) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.