Koinonia Homes Inc

Analysis

Koinonia Homes Inc is a registered charity in United States, based in Corpus Christi, TX. It received its IRS tax-exemption ruling in August 1977, 49 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 (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 Homes Inc reported income of $261k and spending of $245k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $243k to $261k (+7.1%), an average of +2.3% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Koinonia Homes Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Town Center Apartments Inc ($260k), Royal Pavilions of Creedmoor Inc ($261k) and Magnolia Housing Inc ($260k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Other salaries and wages came to $19k. At year end it held assets of $527k against liabilities of $237k, net assets of $291k. It reported 1 employees.