Mount Zion Madison Street Properties

Analysis

Mount Zion Madison Street Properties is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Mount Zion Madison Street Properties reported income of $654k and spending of $746k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $607k to $654k (+7.8%), an average of +1.9% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Zion Madison Street Properties 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 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Oswego County Development Corp ($654k), Wood River Community Housing Trust Inc ($655k) and Mother Marys Sober Home Inc ($654k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $150k. At year end it held assets of $3.8m against liabilities of $6.2m, net assets of -$2.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.