Zoom Group Inc

Analysis

Zoom Group Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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, Zoom Group Inc reported income of $4.3m and spending of $3.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.3m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Zoom Group Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Society for College & University Planning ($4.2m), Texas Center for the Judiciary ($4.3m) and Minneapolis Electrical Joint Apprenticeship & Training TR Fund ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $153k (4.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.1m against liabilities of $2.2m, net assets of $2.8m. It reported 145 employees.