CZ Wellness Group Inc

Analysis

CZ Wellness Group Inc is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, CZ Wellness Group Inc reported income of $3.1m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, CZ Wellness Group Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include People-Providing Equal Opportunities Promoting Learning ($3.1m), Arlington Boys Club Inc ($3.2m) and Life House Incorporated ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $232k (8.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.1m. It reported 154 employees.