Mount Zion Community Development Inc

Analysis

Mount Zion Community Development Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 1997, 29 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 June 2023, Mount Zion Community Development Inc reported income of $227k and spending of $215k, spending 95% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $232k to $227k (-2.3%), an average of -1.2% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Zion Community Development Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Who-Wheeler Housing Opportunity Foundation ($227k), Independent Living Community Services Inc ($227k) and Asi Santa Fe Inc ($227k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (28% of expenses). Other salaries and wages came to $51k. At year end it held assets of $57k against liabilities of $29k, net assets of $28k. It reported 3 employees.