Zams Hope Community Resources Cente

Analysis

Zams Hope Community Resources Cente is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2022, Zams Hope Community Resources Cente reported income of $159k and spending of $162k, spending 102% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $195k to $159k (-19%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Zams Hope Community Resources Cente sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Nyeland Promise ($159k), Social Justice Center Inc ($159k) and Do Good Wisconsin Inc ($159k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 37% of the total. At year end it held assets of $199k against liabilities of $43k, net assets of $156k.