Koinonia Homeschool Support Group Corporation

Analysis

Koinonia Homeschool Support Group Corporation is a registered charity in United States, based in Ada, MI. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Koinonia Homeschool Support Group Corporation reported income of $274k and spending of $263k, spending 96% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $234k to $274k (+17%), an average of +4.0% a year. The sharpest change came in the year to May 2022, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Koinonia Homeschool Support Group Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Clinton Community Literary Association Inc ($274k), Childrens School of Science Inc ($274k) and First Lutheran Preschool Inc ($274k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $24k (8.9% of expenses). At year end it held assets of $134k against liabilities of $3,309, net assets of $131k.