Koinonia Ventures Inc

Analysis

Koinonia Ventures Inc is a registered charity in United States, based in Woodbury, NY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Ventures Inc reported income of $440k and spending of $114k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $440k (+143%), an average of +142% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 33% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Koinonia Ventures Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Downtown Merchants Corporation ($440k), Flagship Enterprise Capital ($441k) and Lynden Community Senior Center ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $718k against liabilities of $0, net assets of $718k.