Mt Zion Redevelopment Corp

Analysis

Mt Zion Redevelopment Corp is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1993, 33 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 (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 Redevelopment Corp reported income of $92k and spending of $92k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $92k (+3.2%), an average of +3.2% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mt Zion Redevelopment Corp sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within WI. Charities of a similar size with the same main cause include Daniels Crossing ($92k), South Holston Development Corporation ($92k) and Community House at St Thomas Corporation ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $231k against liabilities of $45k, net assets of $186k.