Zabs Place

Analysis

Zabs Place is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Zabs Place reported income of $411k and spending of $449k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $392k to $411k (+4.9%), an average of +4.9% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Zabs Place sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Mission Accomplished Transition Services Inc ($411k), Meadowlark Employment Services Inc ($411k) and San Juan United Way ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 53% of the total. Other salaries and wages came to $244k. At year end it held assets of $214k against liabilities of $32k, net assets of $182k. It reported 22 employees.