Koinonia Academy
Koinonia Academy: Strong Asset Growth, Limited Transparency
EIN: 222540662 · Plainfield, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Program Spending | 75% |
| Net Assets | $5.5M |
| Transparency Score | 65/100 |
Is Koinonia Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Koinonia Academy directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Koinonia Academy
Koinonia Academy (EIN: 222540662) is a nonprofit organization based in Plainfield, NJ. The organization reported total revenue of $2.3M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Koinonia Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Koinonia Academy is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $6.0M |
| Total Liabilities | $515K |
| Net Assets | $5.5M |
| Operating Margin | 72.8% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 41.1 months |
Financial Health Grade: A
In 2023, Koinonia Academy reported a surplus of $4.7M with revenue exceeding expenses, holds 41.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Koinonia Academy's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +241.6% | +6.6% | +191.0% |
| 2022 | +44.5% | +15.8% | +79.7% |
| 2021 | -40.2% | +14.5% | -14.8% |
| 2020 | +91.7% | -6.7% | +159.1% |
| 2019 | -1.7% | +5.4% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Koinonia Academy with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Koinonia Academy allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
Executive compensation details are not provided in the available data, preventing a comprehensive assessment of its reasonableness relative to the organization's revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Koinonia Academy's IRS 990 filings:
- Lack of detailed expense breakdown makes it difficult to fully assess program efficiency.
- Absence of executive compensation data limits financial oversight.
- No clear mission statement or program details provided in the data.
Strengths
The following positive indicators were identified for Koinonia Academy:
- Significant asset growth from $1,156,332 in 2021 to $5,974,257 in 2023, indicating strong financial health.
- Consistent revenue generation over multiple years.
- Positive net assets reported across all available years.
Frequently Asked Questions about Koinonia Academy
Is Koinonia Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Koinonia Academy (EIN: 222540662) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Koinonia Academy spend its money?
Koinonia Academy directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Koinonia Academy tax-deductible?
Koinonia Academy is registered as a tax-exempt nonprofit (EIN: 222540662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Koinonia Academy's spending goes to programs?
Koinonia Academy directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Koinonia Academy located?
Koinonia Academy is headquartered in Plainfield, New Jersey and files with the IRS under EIN 222540662.
How many years of IRS 990 filings does Koinonia Academy have?
Koinonia Academy has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
What does Koinonia Academy do?
Koinonia Academy is a nonprofit organization in the Unknown sector, located in Plainfield, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Koinonia Academy have?
Koinonia Academy reported total revenue of $2,295,528. Based on 13 IRS 990 filings on record.
What are Koinonia Academy's total assets?
Koinonia Academy holds total assets of $5,974,257 as reported in IRS 990 filings.
Where is Koinonia Academy located?
Koinonia Academy is based in Plainfield, New Jersey.
What is Koinonia Academy's EIN?
Koinonia Academy's Employer Identification Number (EIN) is 222540662. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Koinonia Academy?
Koinonia Academy is classified under NTEE code Unknown (Unknown).
Is Koinonia Academy a registered 501(c)(3)?
Koinonia Academy appears in IRS records (EIN: 222540662). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Koinonia Academy file IRS Form 990?
Yes, Koinonia Academy has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Koinonia Academy's revenue in 2023?
In the 202306 filing period, Koinonia Academy reported total revenue of $6,482,454, total expenses of $1,764,953, and net assets of $6,048,109.
Is Koinonia Academy's revenue growing or declining?
Koinonia Academy's revenue is growing. Revenue went from $1,897,687 (202206) to $6,482,454 (202306), a +241.6% change. Based on 13 filings on record.
What is Koinonia Academy's most recent 990 filing?
The most recent IRS Form 990 filing for Koinonia Academy covers tax period 202306. It shows revenue of $6,482,454, expenses of $1,764,953, total assets of $6,048,109, and liabilities of $514,711.
How much does Koinonia Academy spend on programs vs administration?
Based on IRS 990 analysis, Koinonia Academy allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Koinonia Academy a trustworthy charity?
Based on AI analysis of IRS 990 data, Koinonia Academy shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Koinonia Academy?
The following concerns were identified: Lack of detailed expense breakdown makes it difficult to fully assess program efficiency.. Absence of executive compensation data limits financial oversight.. No clear mission statement or program details provided in the data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Koinonia Academy's strengths?
Positive indicators for Koinonia Academy include: Significant asset growth from $1,156,332 in 2021 to $5,974,257 in 2023, indicating strong financial health.. Consistent revenue generation over multiple years.. Positive net assets reported across all available years.. These findings are derived from AI analysis of the organization's financial filings.
How does Koinonia Academy compensate executives?
Executive compensation details are not provided in the available data, preventing a comprehensive assessment of its reasonableness relative to the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the substantial increase in assets from $2,078,143 in 2022 to $5,974,257 in 2023, and how is this growth being utilized to further the organization's mission?
The data shows a significant jump in assets, but without more detailed financial statements or narrative, the specific drivers (e.g., major donations, investment gains, property acquisition) and their direct impact on programs remain unclear.
Filing History
IRS 990 filing history for Koinonia Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Koinonia Academy's revenue has grown by 571.4%, moving from $965K to $6.5M. Total assets increased by 651.1% over the same period, from $805K to $6.0M. Total functional expenses rose by 59.6%, from $1.1M to $1.8M. In its most recent filing year (2023), Koinonia Academy reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $515K in liabilities against $6.0M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $1.8M | $6.0M | $515K | — | — |
| 2022 | $1.9M | $1.7M | $2.1M | $1.3M | — | View 990 |
| 2021 | $1.3M | $1.4M | $1.2M | $583K | — | View 990 |
| 2020 | $2.2M | $1.2M | $1.4M | $666K | — | View 990 |
| 2019 | $1.1M | $1.3M | $524K | $780K | — | View 990 |
| 2018 | $1.2M | $1.3M | $626K | $691K | — | View 990 |
| 2017 | $1.2M | $1.2M | $622K | $583K | — | View 990 |
| 2016 | $1.0M | $1.3M | $710K | $591K | — | View 990 |
| 2015 | $1.2M | $1.1M | $862K | $426K | — | View 990 |
| 2014 | $1.2M | $1.1M | $838K | $483K | — | View 990 |
| 2013 | $1.2M | $1.1M | $772K | $502K | — | View 990 |
| 2012 | $991K | $1.1M | $728K | $522K | — | View 990 |
| 2011 | $965K | $1.1M | $805K | $516K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $1.8M, and assets of $6.0M (revenue +241.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.7M, and assets of $2.1M (revenue +44.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $1.2M (revenue -40.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.2M, and assets of $1.4M (revenue +91.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.3M, and assets of $524K (revenue -1.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $626K (revenue +0.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $622K (revenue +15.5% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.3M, and assets of $710K (revenue -14.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $862K (revenue -5.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $838K (revenue +6.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $772K (revenue +16.4% year-over-year).
- 2012: Revenue of $991K, expenses of $1.1M, and assets of $728K (revenue +2.6% year-over-year).
- 2011: Revenue of $965K, expenses of $1.1M, and assets of $805K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Koinonia Academy:
Data Sources and Methodology
This transparency report for Koinonia Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.