Koinonia Family Life Inc

Analysis

Koinonia Family Life Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Family Life Inc reported income of $851k and spending of $567k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $241k to $851k (+253%), an average of +88% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Koinonia Family Life Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Wyoming County Cultural Center Inc ($851k), O Hanlon Center for the Arts ($852k) and Northeast Louisiana Childrens Museum Inc ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $109k (19% of expenses). Other salaries and wages came to $93k. At year end it held assets of $412k against liabilities of $385, net assets of $411k. It reported 13 employees.