70x7 Ministries

Analysis

70x7 Ministries is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2005, 21 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, 70x7 Ministries reported income of $95k and spending of $99k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $95k (-1.8%), an average of -1.8% a year. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 70x7 Ministries sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Saints Peter and Paul Greek Orthodox Ladies Philoptochos Socie ($95k), Theosophical Society in Seattle ($95k) and Missionary Families of Christ a NJ Nonprofit Corporation ($95k).

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 $12k against liabilities of $0, net assets of $12k.