The Mount Zion Suburban Apartments Inc

Analysis

The Mount Zion Suburban Apartments Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Mount Zion Suburban Apartments Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+8.0%), an average of +1.9% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Mount Zion Suburban Apartments Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Diversified Housing Development Inc ($1.2m), Higher Ground International ($1.2m) and Steeple View Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $255k. At year end it held assets of $1.7m against liabilities of $91k, net assets of $1.6m. It reported 7 employees.