University of the Seven Rays

Analysis

University of the Seven Rays is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, University of the Seven Rays reported income of $94k and spending of $114k, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $301k to $94k (-69%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of the Seven Rays sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within AZ. Charities of a similar size with the same main cause include PTA Hawaii Congree ($94k), Weil Academy Student-Athlete Scholarship Fund Inc ($94k) and Pope Initiatives Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $126k, net assets of -$17k.

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.