Zmi Foundation Inc

Analysis

Zmi Foundation Inc is a registered charity in United States, based in St Albans, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Zmi Foundation Inc reported income of $593k and spending of $615k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $593k (+49%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zmi Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Oak Cliff Empowered Inc ($593k), Great Commission Missionary School ($593k) and Dyslexia Alliance for Black Children ($593k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $135k (22% of expenses). Other salaries and wages came to $56k. At year end it held assets of $135k against liabilities of $235k, net assets of -$101k.