Mount Zion Housing Development

Analysis

Mount Zion Housing Development is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2012, 14 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 Housing Development reported income of $1.1m and spending of $86k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $1.1m (+458%), an average of +458% a year. The sharpest change came in the year to December 2023, when income rose by 458%. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Zion Housing Development sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Compania de Vivienda Para Ancianos ($1.1m), Keystone Rescue Mission Alliance Inc ($1.1m) and Calvary Community Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 27% of the total. At year end it held assets of $28.0m against liabilities of $22.5m, net assets of $5.5m.