Friends of Zaras Center Inc

Analysis

Friends of Zaras Center Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Zaras Center Inc reported income of $103k and spending of $98k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $103k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 73% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Zaras Center Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Mountain and Plains Rotary Youth Ex Change ($103k), Ignite South Africa Inc ($103k) and Children Inspiring Hope Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $220k against liabilities of $0, net assets of $220k.