Zeitgeist

Analysis

Zeitgeist is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in July 1982, 44 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 August 2023, Zeitgeist reported income of $335k and spending of $254k, leaving 24% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $247k to $335k (+36%), an average of +8.0% a year. The sharpest change came in the year to August 2023, when income rose by 77%. 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, Zeitgeist sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Kids-N-Kinship Inc ($335k), Hillsboro Church Welfare Association in ($335k) and Hockley County Senior Citizens Association Inc ($335k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $53k (21% of expenses). Other salaries and wages came to $27k. At year end it held assets of $227k against liabilities of $18k, net assets of $209k. It reported 5 employees.