Zion Development Corporation

Analysis

Zion Development Corporation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Zion Development Corporation reported income of $930k and spending of $911k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $930k (-19%), an average of -5.3% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 136% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Zion Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Global Womens Innovation Network ($930k), Omaha Sheet Metal Workers Training and Education Fund ($931k) and Frances Bean Vair Testamentary Trust ($928k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $65k (7.1% of expenses). Other salaries and wages came to $157k. At year end it held assets of $2.2m against liabilities of $3.6m, net assets of -$1.3m. It reported 7 employees.