Koinonia Inc

Charity Navigator Rating: 71%, Two-Star out of Four Star rating.

Koinonia Inc has received a 71% rating, indicating a fair performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members meeting this criterion, contributing positively to its governance structure. Its financial statements are audited, showcasing transparency in its financial dealings. Additionally, Koinonia Inc dedicates a substantial portion of its expenses to programs, reflected in a high program expense ratio of 97.30%.

However, there are notable limitations that detract from its overall rating. The absence of a whistleblower policy and a document retention and destruction policy are significant gaps in its governance practices. Additionally, the organization has not posted its tax form on its website, which is a missed opportunity for enhancing transparency. The liabilities to assets ratio is concerning at 100.54%, indicating that liabilities exceed assets, which could pose financial stability issues. Overall, while Koinonia Inc demonstrates strengths in governance and program spending, addressing its policy gaps and financial ratios could improve its standing.

This AI summary has been generated from information found on Charity Navigator.

Koinonia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koinonia Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,798

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