Philanthropy & Grantmaking
(T21)
990 on File
MCKNIGHT FOUNDATION
Financial strength (30%)
92/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$189.4M
Total Revenue
$209.4M
Total Expenses
$2584.4M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.8%
Fundraising Efficiency
N/A
Operating Reserve
148.12x
Liability-to-Asset
4.7%
Revenue Diversification
126.6%
Executive Compensation
$1.8M
Compared with Peers
FY 2024
Compared with 126 similar organizations
(United States, Philanthropy & Grantmaking, $100M and over in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.8% | 96.3% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
148.1 mo | 63.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
4.7% | 3.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
126.6% | 92.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
77.4% | 29.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
28.6% | 13.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-10.5% | 6.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $189.4M | $209.4M | $2584.4M | 82.8% | — |
| 2023 | $106.7M | $162.8M | $2564.9M | 81.0% | — |
| 2022 | $165.0M | $200.9M | $2436.8M | 70.3% | — |
| 2021 | $364.6M | $177.0M | $3036.8M | 64.5% | — |
| 2020 | $132.1M | $123.7M | $2707.7M | 97.2% | — |
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