Zoe Ministries Inc

Analysis

Zoe Ministries Inc is a registered charity in United States, based in Greenwood, DE. It received its IRS tax-exemption ruling in November 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Zoe Ministries Inc reported income of $684k and spending of $504k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $684k (+236%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 321%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Zoe Ministries Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within DE. Charities of a similar size with the same main cause include Ridgewood Bushwick Homesteading Assistance Housing Development Fun ($683k), Ucc Xxiii Inc ($684k) and Greencastle of Bienterra Inc ($683k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). Other salaries and wages came to $184k. At year end it held assets of $1.4m against liabilities of $20k, net assets of $1.4m. It reported 8 employees.