ZGD Inc

Analysis

ZGD Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, ZGD Inc reported income of $173k and spending of $169k, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $344k to $173k (-50%), an average of -16% a year. The sharpest change came in the year to July 2023, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, ZGD Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Marshall Depot Inc ($173k), Friends of the German-American Cultural Center Inc ($173k) and Cape Charles Rosenwald School Restoration Initiative Inc ($173k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1,000 (0.6% of expenses). Other salaries and wages came to $63k. At year end it held assets of $9,714 against liabilities of $3,433, net assets of $6,281. It reported 14 employees.