Koloff for Christ Ministries

Analysis

Koloff for Christ Ministries is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Koloff for Christ Ministries reported income of $51k and spending of $17k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $51k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 17% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Koloff for Christ Ministries sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Welcome House of Modification Examples Inc ($51k), Blue Ridge Center for Therapeutichorsemanship ($51k) and Tyrone Area Food Bank ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.