Sumner T Mcknight Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Sumner T Mcknight Foundation is a 501(c)(3) organization based in Baltimore, Maryland, registered in 1958, with $146,374 in FY2024 revenue. CharityIndex grades it C+.
901 S Bond St Ste 400, Baltimore, MD, 21231 EIN 41-6022360 Since 1958
Revenue (FY2024)
$146K
▲ 12.2% vs prior year
Expenses (FY2024)
$65K
Net assets
$1.5M
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 Sumner T Mcknight Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating284 mo reserves · +55% 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 Sumner T Mcknight Foundation: 284 mo reserves · +55% margin earns a B+ 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 Sumner T Mcknight Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Sumner T Mcknight Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $176K (FY2018) to $146K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.5M
Operating margin
55.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$0
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $146,374▲12.2% | $65,141▼30.2% | $1,541,040▲5.6% | $1,541,040▲5.6% | 990PF |
| 2023 | $130,458▲75.7% | $93,277▼10.1% | $1,459,762▲2.5% | $1,459,762▲2.5% | 990PF |
| 2022 | $74,235▼60.3% | $103,757▼13.7% | $1,424,755▼2.0% | $1,424,755▼2.0% | 990PF |
| 2021 | $186,909▲19.4% | $120,222▲6.2% | $1,454,418▲4.8% | $1,454,418▲4.8% | 990PF |
| 2020 | $156,511▲16.4% | $113,230▼38.0% | $1,387,732▲3.2% | $1,387,732▲3.2% | 990PF |
| 2019 | $134,476▼23.6% | $182,748▲30.1% | $1,344,383▼3.5% | $1,344,383▼3.5% | 990PF |
| 2018 | $175,903 | $140,484 | $1,392,723 | $1,392,723 | 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.
Frequently asked questions
- Is Sumner T Mcknight Foundation a legitimate nonprofit?
- Yes. Sumner T Mcknight Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6022360, based in Baltimore, Maryland. Donations are tax-deductible.
- What is Sumner T Mcknight Foundation's EIN?
- Sumner T Mcknight Foundation's Employer Identification Number (EIN) is 41-6022360.
- How much revenue does Sumner T Mcknight Foundation report?
- Sumner T Mcknight Foundation reported $146,374 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sumner T Mcknight Foundation have?
- CharityIndex grades Sumner T Mcknight Foundation C+, based on financial health (reserves and operating margin).
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Data for Sumner T Mcknight Foundation (EIN 41-6022360) 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.