Koine Music Ministries Inc

Analysis

Koine Music Ministries Inc is a registered charity in United States, based in Jackson, WI. It received its IRS tax-exemption ruling in February 2012, 14 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, Koine Music Ministries Inc reported income of $101k and spending of $100k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $101k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 124% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Koine Music Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within WI. Charities of a similar size with the same main cause include Praise Ministries Inc ($101k), Good News Associates ($101k) and Rooted Ministries ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $41k (41% of expenses). At year end it held assets of $66k against liabilities of $31k, net assets of $34k. It reported 8 employees.