Zigen Fund Inc

Analysis

Zigen Fund Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Zigen Fund Inc reported income of $572k and spending of $516k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $680k to $572k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Zigen Fund Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Friends of Laurel Hill and West Laurel Hill Cemeteries ($572k), Sudbury Co-Operative Pre-School Inc ($572k) and Leadership Wyoming ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $60k. At year end it held assets of $1.8m against liabilities of $1,000, net assets of $1.8m. It reported 1 employees.