Koinonia Foundation Inc

Analysis

Koinonia Foundation Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in May 1993, 33 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 September 2023, Koinonia Foundation Inc reported income of $104k and spending of $84k, spending 80% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $53k to $104k (+97%), an average of +25% a year. The sharpest change came in the year to September 2023, when income rose by 44%. Over the whole period it spent 73% 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 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Veterans Strong Community Center Inc ($104k), Horses of Hope-Caballos de Esperanza Inc ($104k) and Kiwanis Club of Redlands Foundation ($104k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $386k against liabilities of $0, net assets of $386k.