Zions Hope Inc

Analysis

Zions Hope Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Zions Hope Inc reported income of $2.6m and spending of $2.7m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.7m to $2.6m (-3.9%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Zions Hope Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Lutheran Heritage Foundation ($2.6m), Beaches Emergency Assistance Ministry Inc ($2.6m) and Mariavision US Inc ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $103k (3.8% of expenses). Other salaries and wages came to $817k. At year end it held assets of $2.9m against liabilities of $517k, net assets of $2.4m. It reported 23 employees.