Zamzam Foundation Inc

Analysis

Zamzam Foundation Inc is a registered charity in United States, based in Lincolnwood, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Zamzam Foundation Inc reported income of $594k and spending of $639k, spending 107% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $15k to $594k (+3874%), an average of +530% a year. The sharpest change came in the year to December 2022, when income rose by 2121%. Over the whole period it spent 103% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Zamzam Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Sociedad Amigos Del Hep ($594k), National Drowning Prevention Alliance ($595k) and Potosi Volunteer Fire Department Inc ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $54k, net assets of -$21k.