Koinonia Inc

Analysis

Koinonia Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in September 2012, 14 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 2022, Koinonia Inc reported income of $854k and spending of $806k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $910k to $854k (-6.2%), an average of -2.1% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Koinonia Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Greater Peace Community Development Corporation ($854k), Card Inc ($855k) and Housing Opportunities Inc ($854k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $166k. At year end it held assets of $2.4m against liabilities of $2.5m, net assets of -$13k.