Zoar Community Association

Analysis

Zoar Community Association is a registered charity in United States, based in Zoar, OH. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Zoar Community Association reported income of $548k and spending of $557k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $396k to $548k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Zoar Community Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Diamond Council of America ($547k), South Dakota Grass Lands Coalition ($548k) and 466 Works Community Development Corporation Inc ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 48% of the total. Other salaries and wages came to $202k. At year end it held assets of $454k against liabilities of $6,161, net assets of $448k. It reported 19 employees.