Zenith Services Incorporated

Analysis

Zenith Services Incorporated is a registered charity in United States, based in Golden Valley, MN. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Zenith Services Incorporated reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.1m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. 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, Zenith Services Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Forward Cities Inc ($1.1m), Alliance for Coney Island Inc ($1.1m) and Boston-Thurmond Innovation Network ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Other salaries and wages came to $539k. At year end it held assets of $282k against liabilities of $216k, net assets of $66k. It reported 23 employees.