Zoroastrian Association of North Texas Inc

Analysis

Zoroastrian Association of North Texas Inc is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in January 1991, 35 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 October 2023, Zoroastrian Association of North Texas Inc reported income of $86k and spending of $114k, spending 133% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $55k to $86k (+56%), an average of +12% a year. The sharpest change came in the year to October 2022, when income rose by 57%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Zoroastrian Association of North Texas Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Christian Horizons Inc ($86k), Lava Hot Springs Senior Citizens Inc ($86k) and PTA California Congress of Parents Teachers & Students Inc ($86k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. At year end it held assets of $1.1m against liabilities of $3,204, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.