Koinonia Ministries Inc

Analysis

Koinonia Ministries Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in April 1989, 37 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 December 2023, Koinonia Ministries Inc reported income of $107k and spending of $121k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $354k to $107k (-70%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Koinonia Ministries 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 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Count Me in ($107k), Friends of the Aberdeen B and O Train Station Inc ($107k) and PTA California Congress of Parents Teachers & Students Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (20% of expenses). At year end it held assets of $171k against liabilities of $6,790, net assets of $164k. It reported 2 employees.