Z78 Ministries

Analysis

Z78 Ministries is a registered charity in United States, based in Medina, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Z78 Ministries reported income of $2.1m and spending of $1.1m, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $887k to $2.1m (+133%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Z78 Ministries sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Sozo Sports of Central Washington ($2.1m), Hesperia Area Recreation District Foundation ($2.1m) and Bridging the Dental Gap Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. At year end it held assets of $2.4m against liabilities of $659k, net assets of $1.8m. It reported 56 employees.