Mt Zion Development Corporation

Analysis

Mt Zion Development Corporation is a registered charity in United States, based in Zion, IL. It received its IRS tax-exemption ruling in November 1983, 43 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 December 2023, Mt Zion Development Corporation reported income of $917k and spending of $928k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $803k to $917k (+14%), an average of +3.4% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Zion Development Corporation sits at the 77th 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 Ontario Day Care Center Inc ($917k), Arc of Mercer County ($917k) and Central School of Practical Nursing Trust ($917k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $153k. At year end it held assets of $1.3m against liabilities of $2.4m, net assets of -$1.1m. It reported 6 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.