Zoomie Foundation

Analysis

Zoomie Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Zoomie Foundation reported income of $76k and spending of $243k, spending 320% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $42.5m to $76k (-100%), an average of -96% a year. The sharpest change came in the year to December 2023, when income rose by 7311%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Zoomie Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Dubois Area Schools Educational Foundation ($76k), Georgia Restaurant Association Foundation Inc ($76k) and St Theodores Council 9023 ($76k).

Other salaries and wages came to $132k. At year end it held assets of $4.7m against liabilities of $2,854, net assets of $4.7m. It reported 3 employees.