Zhens Benevolent Association Inc

Analysis

Zhens Benevolent Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2019, 7 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 April 2024, Zhens Benevolent Association Inc reported income of $55k and spending of $33k, leaving 40% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income fell from $170k to $55k (-68%), an average of -25% a year. The sharpest change came in the year to April 2021, when income dropped by 74%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Zhens Benevolent Association Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Elvins Food Pantry Inc ($55k), Autism Society New Hanover County Housing Corporation 2 ($55k) and Camel Club 12 Step Recovery House ($55k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $822k against liabilities of $556k, net assets of $266k.