Koinonia Foundation Inc

Analysis

Koinonia Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 1970, 56 years ago. 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 June 2023, Koinonia Foundation Inc reported income of $1.3m and spending of $946k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $435k to $1.3m (+189%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 243%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Koinonia Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Live Free Chicago ($1.3m), Woodside Oaks Inc ($1.3m) and Eagles Landing Christian Counseling Center Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $1.0m against liabilities of $13k, net assets of $1.0m. It reported 2 employees.