The Mount Zion Apartments Inc

Analysis

The Mount Zion Apartments Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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, The Mount Zion Apartments Inc reported income of $624k and spending of $574k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $624k (+17%), an average of +4.0% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mount Zion Apartments Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include School District of Independence Foundation Inc ($624k), Kalamazoo Christian School Foundation ($624k) and Mount Vernon Arts Consortium Inc ($623k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $205k. At year end it held assets of $845k against liabilities of $39k, net assets of $806k. It reported 2 employees.