Koinonia Foster Homes Inc

Analysis

Koinonia Foster Homes Inc is a registered charity in United States, based in Loomis, CA. It received its IRS tax-exemption ruling in September 1982, 44 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 Foster Homes Inc reported income of $32.0m and spending of $30.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.5m to $32.0m (+12%), an average of +2.9% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Koinonia Foster Homes Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Bat Conservation International Inc ($31.9m), Integrated Community Alternatives Network Inc ($32.0m) and One Community Health ($31.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $189k (0.6% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $16.1m against liabilities of $5.2m, net assets of $10.9m. It reported 375 employees.