Zion Corner Development Inc

Analysis

Zion Corner Development Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Zion Corner Development Inc reported income of $266k and spending of $350k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $266k (+13%), an average of +3.0% a year. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Zion Corner Development Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MO. Charities of a similar size with the same main cause include Anaconda Community Foundation Inc ($266k), Cressy Foundation Inc ($266k) and Yolo Community Foundation ($266k).

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 $54k. At year end it held assets of $1.6m against liabilities of $3.0m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.