Koome Ministries

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Koome Ministries Form 990, Revenue, CEO Pay, and IRS Filing Signals

Koome Ministries is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Koome Ministries in one place.

Is Koome Ministries Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Koome Ministries shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Koome Ministries directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Koome Ministries

Koome Ministries (EIN: 205982545) is a nonprofit organization based in Monument, CO, classified under NTEE code X20. The organization reported total revenue of $235K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Koome Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Koome Ministries is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Koome Ministries reported a surplus of $219 with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 37.3% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Koome Ministries's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.

IRS Tax-Exempt Classification

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 Koome Ministries with a Mission Score of 75 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: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, Koome Ministries allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $219, with revenue exceeding expenses.
• Debt-to-asset ratio: 37.3%.

Executive Compensation Analysis

Koome Ministries consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for donor perception and resource allocation.

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 Koome Ministries's IRS 990 filings:

• Lack of detailed functional expense breakdown in available data, hindering full spending efficiency analysis.

Strengths

The following positive indicators were identified for Koome Ministries:

• Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
• Stable financial operations with revenues generally covering expenses.
• Positive trend in asset growth, from $49,970 in 2020 to $94,767 in 2023.

Frequently Asked Questions about Koome Ministries

Filing History

IRS 990 filing history for Koome Ministries showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Koome Ministries's revenue has declined by 41.2%, moving from $343K to $202K. Total assets increased by 64.6% over the same period, from $58K to $95K. Total functional expenses fell by 35.9%, from $315K to $202K. In its most recent filing year (2023), Koome Ministries reported a surplus of $219, with revenue exceeding expenses. The organization holds $35K in liabilities against $95K in assets (debt-to-asset ratio: 37.3%), resulting in net assets of $59K.

Year-by-Year Financial Summary

• 2023: Revenue of $202K, expenses of $202K, and assets of $95K (revenue -4.3% year-over-year).
• 2022: Revenue of $211K, expenses of $206K, and assets of $95K (revenue -9.0% year-over-year).
• 2021: Revenue of $232K, expenses of $192K, and assets of $89K (revenue +7.8% year-over-year).
• 2020: Revenue of $215K, expenses of $196K, and assets of $50K (revenue +5.3% year-over-year).
• 2019: Revenue of $204K, expenses of $220K, and assets of $32K (revenue +15.4% year-over-year).
• 2018: Revenue of $177K, expenses of $189K, and assets of $47K (revenue -25.1% year-over-year).
• 2017: Revenue of $236K, expenses of $255K, and assets of $60K (revenue -14.9% year-over-year).
• 2016: Revenue of $277K, expenses of $298K, and assets of $134K (revenue -38.4% year-over-year).
• 2015: Revenue of $450K, expenses of $384K, and assets of $165K (revenue +17.7% year-over-year).
• 2014: Revenue of $382K, expenses of $364K, and assets of $100K (revenue +20.5% year-over-year).
• 2013: Revenue of $317K, expenses of $290K, and assets of $83K (revenue -0.7% year-over-year).
• 2012: Revenue of $319K, expenses of $319K, and assets of $52K (revenue -7.0% year-over-year).
• 2011: Revenue of $343K, expenses of $315K, and assets of $58K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Koome Ministries:

Data Sources and Methodology

This transparency report for Koome Ministries 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.