Seven Ray Institute Inc

Analysis

Seven Ray Institute Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seven Ray Institute Inc reported income of $97k and spending of $127k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $97k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seven Ray Institute Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within AZ. Charities of a similar size with the same main cause include Heralds of Good News Missionary Society Inc ($97k), Radcliffe Club of San Francisco ($97k) and Vietnamese United Buddhist Churches ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.