Zoras House Inc

Analysis

Zoras House Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Zoras House Inc reported income of $4.0m and spending of $1.1m, leaving 74% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $622k to $4.0m (+549%), an average of +155% a year. The sharpest change came in the year to December 2022, when income rose by 169%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zoras House Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include South Dakota Symphony Orchestra ($4.0m), Michigan Theatre of Jackson Inc ($4.0m) and Anchorage Concert Association Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $142k (13% of expenses). Other salaries and wages came to $287k. At year end it held assets of $5.3m against liabilities of $876k, net assets of $4.4m. It reported 6 employees.