Zoe Ministries Inc

Analysis

Zoe Ministries Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Zoe Ministries Inc reported income of $213k and spending of $280k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $213k (+9.1%), an average of +9.1% a year. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Zoe Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include The Dickey Foundation ($213k), Northfield Day Care Center Corporation ($213k) and Proclaim Jesus ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $123k. At year end it held assets of -$67k against liabilities of $0, net assets of -$67k. It reported 9 employees.