Korinji Foundation

Analysis

Korinji Foundation is a registered charity in United States, based in Crestwood, IL. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korinji Foundation reported income of $266k and spending of $205k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $266k (+239%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korinji Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Greater Faith Community Ministry Inc ($266k), Phap Van Monastery ($266k) and Wagner Ministries International ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (15% of expenses). At year end it held assets of $541k against liabilities of $141k, net assets of $400k. It reported 1 employees.