Mt Zion Land Development Corporation II

Analysis

Mt Zion Land Development Corporation II is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1984, 42 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, Mt Zion Land Development Corporation II reported income of $1.4m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $1.4m (+216%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Zion Land Development Corporation II sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Phoenix Residential Services Inc ($1.4m), Turner Retirement Homes Inc ($1.4m) and The Technical College System of Georgia Foundation Inc ($1.4m).

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 $140k. At year end it held assets of $7.9m against liabilities of $8.7m, net assets of -$781k. It reported 11 employees.