Knights of Columbus Council 8980

What it reported doing in 2024

ORGANIZATIONS PRIMARY EXEMPT PURPOSEAll the good works we do are informed by our four core principles: Charity - Our Catholic faith teaches us to Love thy neighbor as thyself. Members of the Knights of Columbus show love for their neighbors by conducting food drives an donating the food to local soup kitchens and food pantries, by volunteering at Special Olympics, and by supporting, both spiritually and materially, mothers who choose life for their babies. Knights recognize that our mission, and our faith in God, compels us to action. There is no better way to experience love and compassion than by helping those in need, a call we answer every day. Unity - None of us is as good as all of us. Members of the Knights of Columbus all know that - together - we can accomplish far more than any of us could individually. So we stick together...we support one another. That doesnt mean that we always agree or that there is never a difference of opinion. It does mean that as a Knight of Columbus - you can count on the support and encouragement of your brother Knights as you work to make life better in your parish and community. Fraternity - The Venerable Michael J. McGivney founded the Knights of Columbus, in large part, to provide assistance to the widows and children left behind when the family breadwinner died - often prematurely. The Orders top-rated insurance program continues to do this today, as do individual Knights, who last year gave more than 10 million hours of their time to assist sick and/or disabled members and their families. In the Knights of Columbus, we watch out for and take care of one another. Patriotism - Members of Knights of Columbus, be they Americans, Canadians, Mexicans, Cubans, Philipinos, Poles, or Dominicans, are patriotic citizens. We are proud of our devotion to God and country, and believe in standing up for both. Whether its in public or private, the Knights remind the world that Catholics support their nations and are amongst the greatest citizens.

Financial Efficiency

• Mission deployment rate: 56.2%; rating input score 56
• Program expense ratio: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: 17.4%; rating input score 71; 71st percentile among comparable filings
• Total-asset coverage ratio: 1.83; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 1.1% per year; rating input score 100; 56th percentile among comparable filings
• Asset growth: 3.9% per year; rating input score 100; 54th percentile among comparable filings