Zepf Center

Analysis

Zepf Center is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 June 2024, Zepf Center reported income of $41.7m and spending of $42.4m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $37.4m to $41.7m (+12%), an average of +2.2% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Zepf Center 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 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include East Valley Community Health Center Inc ($41.6m), St Francis Center of Redwood City ($41.7m) and Lifewell ($41.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $557k (1.3% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $23.9m against liabilities of $5.6m, net assets of $18.3m. It reported 652 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.