Koome Ministries

Analysis

Koome Ministries is a registered charity in United States, based in Monument, CO. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Koome Ministries reported income of $202k and spending of $202k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $204k to $202k (-1.1%), an average of -0.3% a year. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Koome Ministries sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Family Life Center International Inc ($202k), Recovery & Restoration ($202k) and Kingdom Project 7 Billion ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $135k (67% of expenses). Other salaries and wages came to $10k. At year end it held assets of $95k against liabilities of $35k, net assets of $59k. It reported 3 employees.