Glory of Zion International Ministries Inc

Analysis

Glory of Zion International Ministries Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Glory of Zion International Ministries Inc reported income of $22.7m and spending of $23.4m, spending 103% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $16.8m to $22.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to March 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glory of Zion International Ministries Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include The Timothy Initiative Inc ($22.7m), Interfaith America ($22.8m) and North American Catholic Educational Programming Foundation Inc ($22.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $5.8m (25% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $17.8m against liabilities of $487k, net assets of $17.3m. It reported 29 employees.