Koinonia House Inc

Analysis

Koinonia House Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in June 1973, 53 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, Koinonia House Inc reported income of $2.7m and spending of $2.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $846k to $2.7m (+215%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Koinonia House Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Turkish-American Community Center Inc ($2.7m), Baptist Evangelistic Missionary Association Inc ($2.7m) and American Friends of Tiferet Center ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $153k (6.3% of expenses). Other salaries and wages came to $772k. At year end it held assets of $3.6m against liabilities of $440k, net assets of $3.2m. It reported 16 employees.