Kokomo Ministries Inc

Analysis

Kokomo Ministries Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kokomo Ministries Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-0.4%), an average of -0.1% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kokomo Ministries Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Next Step Network Inc ($1.1m), Caleb Housing Corporation ($1.1m) and Metro North Gardens Housing Development Fund Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $5.4m against liabilities of $1.8m, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.