Zanes Inc

Analysis

Zanes Inc is a registered charity in United States, based in Stow, OH. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Zanes Inc reported income of $64k and spending of $84k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $285k to $64k (-77%), an average of -78% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Zanes Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Adodi National ($64k), Ahavas Yisroel Fund Inc ($64k) and Wauneta Senior Services Center Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.