Mt Zion Pentecostal Churches of God Inc

Analysis

Mt Zion Pentecostal Churches of God Inc is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Mt Zion Pentecostal Churches of God Inc reported income of $119k and spending of $131k, spending 109% of what it took in. Across the 6 years on record, from December 2017 to December 2022, income grew from $78k to $119k (+52%), an average of +8.8% a year. The sharpest change came in the year to December 2019, when income rose by 37%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mt Zion Pentecostal Churches of God Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Fountains of Life Inc ($119k), Mission to Asia ($119k) and Gratia Presbyterian Church ($119k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (29% of expenses). Other salaries and wages came to $13k. At year end it held assets of $51k against liabilities of $0, net assets of $51k. It reported 5 employees.