Education
(B11)
990 on File
FOUNDATION FOR THE MCKNIGHT CENTER FOR THE PERFORMING ARTS
Financial strength (30%)
89/100
Reliability (20%)
50/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$3.7M
Total Revenue
$4.6M
Total Expenses
$55.0M
Net Assets
123
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
77.4%
Fundraising Efficiency
N/A
Operating Reserve
143.49x
Liability-to-Asset
1.4%
Revenue Diversification
62.4%
Executive Compensation
$277K
Compared with Peers
FY 2023
Compared with 11,226 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2023.
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
|
77.4% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.4% | 13.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
143.5 mo | 8.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.4% | 23.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
62.4% | 90.7% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
0.3% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.1% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-25.6% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $3.7M | $4.6M | $55.0M | 77.4% | 123 |
| 2022 | $3.6M | $4.2M | $52.7M | 77.7% | 99 |
| 2021 | $8.1M | $1.8M | N/A | — | 83 |
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