Z Ministries Inc

Analysis

Z Ministries Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in February 2009, 17 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 2023, Z Ministries Inc reported income of $7.1m and spending of $7.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $7.1m (+15%), an average of +3.6% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Z Ministries Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include United States Catholic Conference ($7.1m), Knoxville Leadership Foundation ($7.1m) and Beyond Shelter Frederick Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $678k (9.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.7m against liabilities of $2.9m, net assets of $2.8m. It reported 43 employees.