Knights of Our Lady Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Inspired by the beauty and richness of the Catholic faith, Chesterton Academy seeks to form young men and women to be joyful saints. By introducing them to great thinkers such as Socrates, Thomas Aquinas and Dante, and by forming them in a distinctly Catholic culture, we lead students to choose for themselves the adventure of being a disciple of Christ.
- Income
- $127,968
- Spending
- $128,205
- Reserves
- 0.1 months of spending
- Largest source of income
- donations and private grants, 79%
- Highest pay
- $57,300, head of school
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 46 out of 100. Higher than 13% of charities in its peer group (education, under $250k).
Reserves
4 of 35Spendable reserves would cover 0.1 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
8 of 15Spending exceeded income by 0% of income.
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $106,267 spent. The Knights of Our Lady Foundation exists to promote and support affordable classical education rooted in the Catholic tradition. The Foundation funds a single program, Chesterton Academy Knights of Our Lady. For the fiscal year 2024-25, the Foundation funded a three day per week 9th grade high school program which provided eight part-time classes to six students. The Foundation provided financial backing to hire one full-time position and four part-time positions. The rest of the staff consisted of volunteers.
Source: Form 990EZ for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.