Zola Levitt Ministries Inc

Analysis

Zola Levitt Ministries Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1980, 46 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 December 2023, Zola Levitt Ministries Inc reported income of $2.8m and spending of $3.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.8m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Zola Levitt Ministries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include The Arnold Gold Foundation ($2.8m), Haymarket Peoples Fund Inc ($2.8m) and Domestic Abuse and Sexual Assault Crisis Center of Warren County Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $132k (3.9% of expenses). At year end it held assets of $3.0m against liabilities of $615k, net assets of $2.3m.