Zara Initiative

Analysis

Zara Initiative is a registered charity in United States, based in Newark, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Zara Initiative reported income of $338k and spending of $142k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $338k (+131%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 58% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Zara Initiative sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Hands of Freedom ($338k), Action of Solidarity Inc ($338k) and Malawi Project Inc ($338k).

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 $23k (16% of expenses). At year end it held assets of $196k against liabilities of $0, net assets of $196k.