Koins for Kenya Inc

Analysis

Koins for Kenya Inc is a registered charity in United States, based in Kaysville, UT. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Koins for Kenya Inc reported income of $410k and spending of $271k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $410k (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Koins for Kenya Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within UT. Charities of a similar size with the same main cause include Life Relaunch ($410k), Greenville Avenue Child Development Center ($410k) and Care Center of Jackson Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $251k against liabilities of $0, net assets of $251k.