Koinonia Homes Inc

Analysis

Koinonia Homes Inc is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in December 1974, 52 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, Koinonia Homes Inc reported income of $32.5m and spending of $35.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.2m to $32.5m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Koinonia Homes Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Cattaraugus County Rehabilitation Center Inc ($32.5m), Families Together of Orange County ($32.5m) and Innocence Project Inc ($32.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $539k (1.5% of expenses). Other salaries and wages came to $21.8m. At year end it held assets of $34.5m against liabilities of $13.5m, net assets of $21.0m. It reported 720 employees.