Network 7 Media Center Inc

Analysis

Network 7 Media Center Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Network 7 Media Center Inc reported income of $85k and spending of $121k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $129k to $85k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 122% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Network 7 Media Center Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Cedan Mission Inc ($85k), Party with a Purpose Inc ($85k) and Kingdomstrate ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $45k (37% of expenses). Other salaries and wages came to $28k. At year end it held assets of $25k against liabilities of $124k, net assets of -$99k. It reported 3 employees.