Koinonia Academy

Analysis

Koinonia Academy is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in July 1985, 41 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Koinonia Academy reported income of $6.5m and spending of $1.8m, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $6.5m (+466%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 242%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Koinonia Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Birth Center ($6.5m), LA Cheim School Inc ($6.5m) and Operating Engineers Joint Apprenticeship Training Fund ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 18% of the total. Other salaries and wages came to $911k. At year end it held assets of $6.0m against liabilities of $515k, net assets of $5.5m. It reported 38 employees.