Zeteo Ministries

Analysis

Zeteo Ministries is a registered charity in United States, based in Marysville, WA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Zeteo Ministries reported income of $237k and spending of $168k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $237k (+174%), an average of +174% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Zeteo Ministries sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include King Ministries International Inc ($237k), Agape Source Inc ($237k) and American Friends of Chaim Layeled Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $88k (53% of expenses). Other salaries and wages came to $29k. At year end it held assets of $82k against liabilities of $9,670, net assets of $72k. It reported 4 employees.