The Gift Of Knowledge Inc is located in Durham, NC. The organization was established in 2015. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gift Of Knowledge Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Gift Of Knowledge Inc generated $18.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $31.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED LITERACY AND MATH TO LOW-INCOME KIDS IN GRADES K-2
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $9,163 |
Total Program Service Revenue | $8,990 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $18,153 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $12,932 |
Professional fees and other payments to independent contractors | $3,640 |
Occupancy, rent, utilities, and maintenance | $10,704 |
Printing, publications, postage, and shipping | $41 |
Other expenses | $4,093 |
Total expenses | $31,410 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $811 |
Other assets | $0 |
Total assets | $1,409 |
Total liabilities | $83,232 |
Net assets or fund balances | -$81,823 |