Zap Fitness Foundation Inc

Analysis

Zap Fitness Foundation Inc is a registered charity in United States, based in Blowing Rock, NC. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Zap Fitness Foundation Inc reported income of $478k and spending of $678k, spending 142% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $760k to $478k (-37%), an average of -11% a year. The sharpest change came in the year to September 2023, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Zap Fitness Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Coyotes Curling Club ($478k), Brookline Soccer Club Inc ($479k) and Oak Center Cultural Center ($478k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Other salaries and wages came to $127k. At year end it held assets of $95k against liabilities of $3,701, net assets of $91k. It reported 2 employees.