Mount Zion Sheltering Arms for the Elderly Inc

Analysis

Mount Zion Sheltering Arms for the Elderly Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Zion Sheltering Arms for the Elderly Inc reported income of $539k and spending of $444k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $539k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Zion Sheltering Arms for the Elderly Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Undine Fire Company No 2 ($539k), Mid Cape Ice Arena Inc ($539k) and Old Newsboys of Flint ($539k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $471k against liabilities of $841k, net assets of -$370k.