Koins For Kenya Inc
Koins For Kenya Inc consistently dedicates a high percentage of expenses to programs and reports no officer compensation.
EIN: 205053322 · Kaysville, UT · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $476K |
| Total Expenses | $271K |
| Program Spending | 85% |
| Net Assets | $251K |
| Transparency Score | 92/100 |
Is Koins For Kenya Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Koins For Kenya Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Koins For Kenya Inc
Koins For Kenya Inc (EIN: 205053322) is a nonprofit organization based in Kaysville, UT, classified under NTEE code P20. The organization reported total revenue of $476K and total assets of $282K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Koins For Kenya Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Koins For Kenya Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $410K |
| Total Expenses | $271K |
| Surplus / Deficit | +$139K |
| Total Assets | $251K |
| Net Assets | $251K |
| Operating Margin | 33.9% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2023, Koins For Kenya Inc reported a surplus of $139K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Koins For Kenya Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.8% | -16.0% | +124.0% |
| 2022 | -8.6% | +8.4% | -21.9% |
| 2021 | +86.6% | +134.0% | +17.2% |
| 2020 | -11.1% | -34.9% | +55.4% |
| 2019 | +15.6% | -26.7% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Koins For Kenya Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Koins For Kenya Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $139K, with revenue exceeding expenses.
Executive Compensation Analysis
Koins For Kenya Inc reports 0% officer compensation across all available filings, indicating that its leadership serves without direct salary from the organization, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Koins For Kenya Inc:
- Strong program spending ratio (85% in 2023)
- No officer compensation reported across all filings
- Consistent reporting of zero liabilities
- Significant asset growth over recent years (from $78,676 in 2019 to $250,729 in 2023)
- Positive revenue growth trend in recent fiscal periods
Frequently Asked Questions about Koins For Kenya Inc
Is Koins For Kenya Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Koins For Kenya Inc (EIN: 205053322) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Koins For Kenya Inc spend its money?
Koins For Kenya Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Koins For Kenya Inc tax-deductible?
Koins For Kenya Inc is registered as a tax-exempt nonprofit (EIN: 205053322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Koins For Kenya Inc's spending goes to programs?
Koins For Kenya Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Koins For Kenya Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Koins For Kenya Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Koins For Kenya Inc located?
Koins For Kenya Inc is headquartered in Kaysville, Utah and files with the IRS under EIN 205053322. It is classified under NTEE code P20.
How many years of IRS 990 filings does Koins For Kenya Inc have?
Koins For Kenya Inc 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 $476K in total revenue.
Is Koins For Kenya Inc a good charity?
Based on its financial data, Koins For Kenya Inc appears to be a very good charity. It consistently dedicates a high percentage of its expenses to program services (85% in 2023), has no reported officer compensation, and maintains a strong financial position with growing assets and zero liabilities.
How has Koins For Kenya Inc's revenue trended over time?
Koins For Kenya Inc's revenue has shown a positive upward trend in recent years, growing from $170,650 in 2020 to $409,592 in 2023, indicating increasing donor support and financial capacity.
What is Koins For Kenya Inc's financial stability?
The organization demonstrates strong financial stability, consistently reporting $0 in liabilities across all filings and growing its assets from $78,676 in 2019 to $250,729 in 2023.
Filing History
IRS 990 filing history for Koins For Kenya Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Koins For Kenya Inc's revenue has declined by 21.1%, moving from $519K to $410K. Total assets increased by 35.7% over the same period, from $185K to $251K. Total functional expenses fell by 31.4%, from $395K to $271K. In its most recent filing year (2023), Koins For Kenya Inc reported a surplus of $139K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $410K | $271K | $251K | $0 | — | — |
| 2022 | $291K | $322K | $112K | $0 | — | View 990 |
| 2021 | $318K | $297K | $143K | $0 | — | — |
| 2020 | $171K | $127K | $122K | $0 | — | View 990 |
| 2019 | $192K | $195K | $79K | $0 | — | View 990 |
| 2018 | $166K | $266K | $82K | $0 | — | View 990 |
| 2017 | $320K | $248K | $182K | $0 | — | View 990 |
| 2016 | $249K | $244K | $110K | $0 | — | View 990 |
| 2015 | $178K | $180K | $105K | $0 | — | View 990 |
| 2014 | $280K | $265K | $107K | $0 | — | View 990 |
| 2013 | $299K | $276K | $92K | $0 | — | View 990 |
| 2012 | $562K | $678K | $68K | $0 | — | View 990 |
| 2011 | $519K | $395K | $185K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $410K, expenses of $271K, and assets of $251K (revenue +40.8% year-over-year).
- 2022: Revenue of $291K, expenses of $322K, and assets of $112K (revenue -8.6% year-over-year).
- 2021: Revenue of $318K, expenses of $297K, and assets of $143K (revenue +86.6% year-over-year).
- 2020: Revenue of $171K, expenses of $127K, and assets of $122K (revenue -11.1% year-over-year).
- 2019: Revenue of $192K, expenses of $195K, and assets of $79K (revenue +15.6% year-over-year).
- 2018: Revenue of $166K, expenses of $266K, and assets of $82K (revenue -48.0% year-over-year).
- 2017: Revenue of $320K, expenses of $248K, and assets of $182K (revenue +28.5% year-over-year).
- 2016: Revenue of $249K, expenses of $244K, and assets of $110K (revenue +39.6% year-over-year).
- 2015: Revenue of $178K, expenses of $180K, and assets of $105K (revenue -36.4% year-over-year).
- 2014: Revenue of $280K, expenses of $265K, and assets of $107K (revenue -6.3% year-over-year).
- 2013: Revenue of $299K, expenses of $276K, and assets of $92K (revenue -46.8% year-over-year).
- 2012: Revenue of $562K, expenses of $678K, and assets of $68K (revenue +8.2% year-over-year).
- 2011: Revenue of $519K, expenses of $395K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Koins For Kenya Inc:
Data Sources and Methodology
This transparency report for Koins For Kenya Inc 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.