Zims Foundation Inc

Analysis

Zims Foundation Inc is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Zims Foundation Inc reported income of $67k and spending of $11k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $67k (-83%), an average of -35% a year. The sharpest change came in the year to December 2021, when income dropped by 71%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Zims Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Hermiston Kiwanis Foundation ($67k), Worcester County Beekeepers Association Incorporated ($67k) and Not Today Cancer Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $989k against liabilities of $0, net assets of $989k.