Zamzam Knowledge Academy Inc

Analysis

Zamzam Knowledge Academy Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Zamzam Knowledge Academy Inc reported income of $389k and spending of $426k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $191k to $389k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Zamzam Knowledge Academy Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Kids Soar ($389k), Porch Initiative ($389k) and Hearts & Hoofbeats Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $35k (8.2% of expenses). Other salaries and wages came to $258k. At year end it held assets of $233k against liabilities of $5,259, net assets of $228k. It reported 14 employees.