Zero8hundred Inc

Analysis

Zero8hundred Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2018, 8 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, Zero8hundred Inc reported income of $609k and spending of $471k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $630k to $609k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Zero8hundred Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Comunidades Unidas ($609k), For the Children Food Program ($609k) and Live Like Jake Foundation Inc ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (21% of expenses). Other salaries and wages came to $99k. At year end it held assets of $525k against liabilities of $165k, net assets of $360k. It reported 6 employees.